Rent Protection and Legal Expenses Cover

What would you do if your tenant stops paying rent?

Even honest and reliable tenants can fall into financial difficulty … loss of job, breakdown in relationships and other changes in circumstances can cause a tenant to default on their rent.

Ministry of Justice figures state that it takes on average 298 days (42.6 weeks) to gain possession of a property when evicting a tenant. With the average UK rent at £965 a month and the standard legal fees to evict a tenant including court fees around £1,156, the lost rent and legal expenses associated with an eviction can cost as much as £10,630!*

What can Rent Protection & Legal Expenses service offer you?

• Cover for the total monthly rent, no matter how many tenants are on the tenancy agreement.
• Missed rental payments until vacant possession of the property for an unlimited time
• Up to two months’ rental payments at 50% following vacant possession (where applicable)
• Legal expenses up to £100,000 to cover eviction costs if the tenant is in breach of their tenancy agreement.
• Covers breaches of the tenancy agreement by the tenant, including non-payment of rent and expired section 21 notices.
• Cover should a tenant defend the action taken, meaning we’ll continue to pay the claim until the challenge has been resolved.
• 12 months of cover
•  Rent Protection and Legal Expenses covers the whole property meaning the policy continues even when/if the tenants change.
• No policy excess - your rental payments are covered straightaway.

Complete peace of mind for landlords. Relax in the knowledge that your rent is protected, and you will not be out of pocket.

Contact us today for more information.

*Average monthly rent as published in the July 2020 Rentshield Direct Rental Index. Ministry of Justice possession statistics state that it takes an average of 298 days (42.6 weeks) between issuing a claim and gaining a possession of a property (correct as of October 2019.)  Average eviction time based on statistics held by Barbon Insurance Group and correct as of January 2020.