Being a landlord you need to make sure all bases are covered, not only making sure your buildings are fully insured, but also making sure that you can guarantee income at the end of every month via your tenants. We know that no matter what checks you do or what letting agent you use, sometimes things go wrong with your tenants, and for one reason or another you don’t get your month dues!
Never fear Landlords and property owners, Goldcrest Insurance have the solution for you, in the form of an insurance policy created to cover that eventuality, called Rent Guarantee Insurance.
If a tenant falls behind on their rental payments it could have serious financial implications for you, especially if you have mortgage commitments on your property.
The Rent Guarantee Insurance we provide has been designed to protect landlords against rent arrears and rent default.
Any Landlord who lets a property runs the risk of rent default by the tenant. Even good references cannot predict a tenant falling on hard times and not being able to pay the rent.
In the current climate, many landlords are finding their default rates are soaring as tenants struggle with unemployment and an increase in the cost of living. Recovering arrears can be costly and sometimes very difficult, without any guarantee of success or even repayment.
Our Rent Guarantee Insurance will cover landlords against their tenant defaulting or failing to pay the rent.
Have a look, below, at the costs of our Rent Guarantee Insurance – it’s very easy and cost effective to financially protect against rent defaults. A Rent Guarantee Insurance policy can provide real peace of mind, and the full cost is tax deductible against rental income – saving even more money!
| 6 Month Policy only | £60.00 plus IPT* at 6% |
| 12 Month Policy only | £93.00 plus IPT* at 6% |
| *covers you for £50,000 per incident and for all postcode areas. Plus insurance premium tax at 6% | |
Key Features and Benefits of Rent Guarantee Insurance
- Rent Arrears covered up to £50,000 per incident
- Legal Expenses covered up to £50,000 per incident
- No Excess to Pay
- Unlimited Period of Rent Arrears paid
- 6 or 12 Month options
- All tenant types accepted
- Cover is provided by DAS Legal Expenses Insurance Company Limited
