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Other providers | |||
Excess | Nil | 2 months | Nil | Nil |
Legal cover | £100,000 | £50,000 | £50,000 | £100,000 |
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 |
Claim process | Automated | Manual | Manual | Manual |
Property damage legal expenses cover | ✓ | X | X | ✓ |
Contract dispute cover | ✓ | X | X | X |
Auto-renewal | ✓ | ✓ | X | X |
Standalone legal cover | ✓ | X | ✓ | ✓ |
Monthly pricing | ✓ | ✓ | ✓ | 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.
The Hickman
2-4 Whitechapel Rd
London
E1 1EW
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Oh Goodlord Limited is an Appointed Representative of Goodlord Protect Limited for general insurance products and credit broking. Goodlord Protect Limited is directly authorised by the Financial Conduct Authority, registration number 836727. You can check this information on the Financial Services Register by visiting www.fca.org.uk/register or by telephoning 0800 111 6768 (Freephone) or 0300 500 8082 from the UK. The FCA is the independent watchdog that regulates financial services.