|Payment after vacant possession||75% for 2 months||50% for 2 months||None||None|
|Claims window (days)||90||37||31||30|
|Max payout||12 months||4 months||6 months||6 months|
|Property damage cover||✓||X||X||✓|
|Contract dispute cover||✓||X||X||X|
|Standalone legal cover||✓||X||✓||✓|
Our policy pays out for up to 12 months’ worth of rent, helping to cover your landlords for longer, and is designed to protect you and your landlords against the risk of a tenant not paying their rent, breaching their agreement or damaging the property.
We have significantly enhanced our claims process to manage the latest changes in legislation and provide you with the most support possible.
A new pre-claims process supports you to assess each tenant's financial situation without you having to increase the amount of work you have to do. It also includes:
✔ Hands-on guidance on legal obligations
✔ Automated communications to tenants and guarantors
✔ Support to mediate payment plans, if viable
Following this phase of engagement, claims will then be accepted subject to criteria. Coverage will include rent arrears accrued during the three-month period in which legal proceedings could not be started.
Existing policy benefits will also apply, including property damage cover as standard and legal expenses coverage up to £100,000. We can also renew a current policy held with other providers - subject to standard criteria.
Protect your landlords and book a free Goodlord demo today.