Get cover for unpaid rent
Cover purchased as part of Legal Expenses add on. Qualifying criteria apply. Restricted claims for existing tenants in the first 90 days when product first purchased. Residential landlords only.
or call us on 0345 303 1763
No matter how carefully you vet your tenants, problems with unpaid rent can still happen. If your tenants have stopped paying rent, you may need to evict them at the same time as keeping up with your monthly mortgage payments.
To help take away the stress of rent arrears, our optional Rent Guarantee insurance pays the unpaid rent while your tenants or ex-tenants are still in your property. As a new customer or at renewal, all you need to do is take out our optional Legal Expenses cover and add Rent Guarantee to it. You’ll also be covered for the costs of repossessing the property.
Once you get your property back, you may find it needs repairs for it to be let out again. The cover will pay 50% of the rent you had previously received whilst letting it out while the repairs are happening for up to three months or until the property is let, whichever happens first.
You must take out Legal Expenses to be able to add Rent Guarantee to cover your rent arrears.