Rent Guarantee Insurance

It never suprises us in the years we have been running a letting agency how few landlords have rent guarantee insurance – yet it costs hardly anything and gives a real sense of security in renting out your property and lets you sleep at night with one less thing to worry over.

Rent Guarantee Insurance – the low down

First off we must start by saying that to take out rent guarantee insurance your tenancy cannot yet have started.  Also, you cannot take out rent guarantee insurance unless you have a full tenant reference performed – which we can do at no charge to you.

So, you have a new tenant who wants to take your property, great, do you know who they are? Do you know where they work, what they can afford, have they got any adverse credit and CCJs? What do you really know about this complete stranger that you are about to let into your house?  So, yes, we would urge every landlord to take get a tenant reference done and then take out rent guarantee insurance.

• 6 month or 12 month policies – from about £60 for a 6 month and £95 for a 12 month it represents a great security blanket
• Rent guaranteed – the rent is guaranteed to be paid out in a tenant default
• Legal cover – legal cover is provided to include solicitor fees and court fees and all costs right through to eviction
• Damage cover – damage cover is also provided

So take back those sleepless nights, for £60 (that you could even ask the tenant to pay for) and know that you are covered, rent, legal, damage.