Rent Protection Insurance
Cover on the Property
Only one policy is required on the property, regardless of the number of Tenants. A feature of our Legal Expenses Insurance & Rent Protection is that the cover remains in force for the full term chosen - either 6 or 12 Months (unless any claim has been made). Providing all Tenants or Guarantors on the Assured Shorthold Tenancy (AST) have successfully passed a reference with us, this allows you to change Tenants during the cover period without taking out a new policy*.
The rent will continue to be paid until vacant possession is obtained - regardless of when a claim is made during the AST*.
In the event of a claim, at no extra cost our solicitors can serve the Section 8 and 21 Notices. This policy will cover up to £50,000 total rent payment per claim. Legal Expenses cover is up to £100,000 to gain vacant possession.
A 90-day claim exclusion period at the beginning of your policy will be applied to any policy that starts after the start date of the Assured Shorthold Tenancy UNLESS a previous Rent Protection policy has been in force with no arrears within the previous 6 months, and this new policy is a renewal of that previous policy.
If the total amount of Rent Owed is less than £250.
If the insurer is notified more than 45 days after the first breach of the tenancy agreement by the tenant.
Legal expenses which have not been agreed in advance by the insurer.
For a full list of exclusions, please refer to the policy terms & conditions.