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Landlord’s Rent Guarantee Insurance, often referred to as rent protection insurance is a form of cover that acts as a safeguard should your tenants be unable to pay their rent. It helps to insure that you will still receive your rental income should the unexpected occur. Whilst it is an optional cover and now legal requirement it is designed to provide some added protection and peace of mind.

Rent Guarantee Insurance covers missed rental payments and includes cover for legal expenses. If you’re a landlord who depends on the monthly rental income to pay the mortgage on your buy-to-let property, or rely on these payments for other reasons, this type of insurance can be very useful. We are able to offer this for new lets or upon renewing your current tenancy through our referencing company FCC Paragon. The benefits of this insurance include-:

  • Covers loss of rent up to £3,000 per calendar month should a tenant fall into arrears.
  • Covers loss of rent for up to 5 months on a 6 or 12 month warranty (the first months rental should be paid in advance so will not be covered).
  • Transferable benefit – If your tenants vacate and you have unused months remaining on the warranty, you can transfer the benefit to the new tenancy agreement, subject to terms & conditions.
  • Covers the first month’s unpaid rent meaning there is no exclusion period.
  • Covers legal expenses authorised / incurred by FCC Paragon, including court costs to obtain vacant possession following non payment of rent (total combined benefit up to a maximum of £25,000).
  • Available for 6 or 12 months (must run in line with the length of the tenancy agreement) and can easily be renewed.

Please call our Lettings Manager, Olivia Dedman on 01702 341177 for more information.


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