Rent Protection & Legal Expenses Insurance

 

What's covered?

Rent Protection
Protection until vacant possession if the tenants doesn't pay their rent from 1 November 2021

Rent Recovery
We’ll pursue tenants on your behalf to recover outstanding rent from them.

Eviction of tenants or squatters
Tenants who can’t meet the requirements of their tenancy agreement or squatters who are living in your landlord’s property without their consent will be evicted - and we’ll manage the legal proceedings.

Property damage
Legal cover to pursue tenants for damage to the property of over £1,000.

£100,000 Limit of Indemnity
The total amount payable in the event of a claim.

Contract disputes
Cost and expenses for a dispute with a party whom you have a direct contractual relationship with.

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From the award-winning experts in property protection

From 1 November 2021, our policy will pay out until vacant possession - and will continue to pay out for 75% rental payments for up to two months after vacant possession too.

The policy 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.

Existing policy benefits will also apply, including property damage legal expenses cover as standard and legal expenses coverage, delivering a combined policy that has a Limit of Indemnity of £100,000. We can also renew a current policy held with other providers - subject to standard criteria.

A comprehensive pre-claims process

Our pre-claims process supports you to assess each tenant's financial situation without having to increase your workload. It includes:

✔ Hands-on guidance on legal obligations

✔ Automated communications to tenants and guarantors

✔ Support to mediate payment plans, if viable

Claims will then be accepted subject to criteria. Terms and conditions apply, always read the policy wording.

Protect your landlords and book a free Goodlord demo today.

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We are the Insurance Times Awards 2020 "Claims Partner of the Year" with DAS UK, for our automated claims process that allows you to file your landlords' claims in just 10 minutes.

"We include the rent protection policy in all of our tenancies anyway, and the current situation is a great opportunity to really demonstrate to landlords why this extra protection is so valuable."

Samuel Fitz-Hugh, Settio

"We've used other providers in the past, but they moved the goalposts when the pandemic hit - it just went pear-shaped, which is when we switched to Goodlord's policy"

Ryan Melles, The Property Shop Yorkshire