Insurance For Your Lettings Business
Affordable and essential cover for the risks that you and your business face every day.
Property is always emotive and it’s all too easy to find yourself on the wrong side of a claim. When you’ve worked hard to build your lettings business, it makes sense to protect it with tailor-made insurance policies. Our robust cover is there to deal with things that go wrong, with accidents, with theft or damage and with problems arising from errors or omissions. You can’t afford to be without it. What’s more, our industry’s professional bodies require that their members are adequately insured.
Even the most carefully vetted tenants can still have problems.
Circumstances change. They could suddenly lose a job or fall ill. If they don’t have reserves of cash to call on, it’s highly likely that your rent payment may not arrive. Perhaps you can stand it for a week or two, but what if it drags on and the situation fails to improve? It’s your income that’s affected. Your mortgage payments on the property. Your bills. You still need to keep the wolf from your own front door. Rent protection insurance can really help. Even though there are some things you can’t control, they don’t have to ruin your finances.
- Covers 6 monthly payments
- Covers up to £2500 rental payments per month
- Covers up to £15k rent in any one claim
- £25k for legals costs
- Only 1 month's excess
- 24-hour legal advice line
- 90 no claims period for existing tenancies
- Policy length must match the AST (6 or 12) – if periodic, then a 12 month policy must apply
- Tenants in receipt of Housing Benefits or Universal Credit will not be legible for Rent Protection
6 Month Protection
The 6 month landlord rent protection insurance policy is ideal for new assured shorthold tenancy on a 6 month contract. Our rent protection will protect your rental income should the tenant fail to pay the rent. The policy will also cover your legal expenses associated with evicting the defaulting tenant up to £50,000. Our rent protection insurance is only provided on the basis that your tenant has pass a full tenant reference, which will further reduce the risk to you.
12 Month Protection
The 12 month landlord rent protection insurance policy is ideal for new assured shorthold tenancy on a 12 month contract. Our rent protection will protect your rental income should the tenant fail to pay the rent. The policy will also cover your legal expenses associated with evicting the defaulting tenant up to £50,000. Our rent protection insurance is only provided on the basis that your tenant has pass a full tenant reference, which will further reduce the risk to you.
We think you’ll agree that’s comprehensive cover, and we think you’ll be pleasantly surprised by how little it costs to protect your income stream.
Terms to suit all tenancies
Providing the tenant has passed one of our Complete or Fast Track References, we can offer rent protection for either 6 months or 12 months to match the length of the assured shorthold tenancy you offer.
It’s not too late to get protected
Our Premium cover can be taken out up to 90 days after a reference is passed. Even if the tenancy is underway, you’ve still got time to protect your property and your livelihood.
Our insurance policies can include cover for:
- Public liability
- Professional indemnity
- Your office premises and contents
- Personal accidents that could leave you unable to work
- Director’s and officer’s liability
- Employer’s liability
Professional indemnity cover
Even an honest and genuine mistake could leave you facing a substantial claim. Professional Indemnity cover will help you deal with claims for property mis-description, negligence, civil liability, data protection and matters referred to the property ombudsman.
Instant, affordable cover
All businesses are different and need differing levels of cover, but all face risks. Our expert underwriters will ensure the best possible quotes for the protection you require and get you insured quickly and easily.
Complete Plus could save you a fortune.
It’s just common sense.
Coming 1st July 2020
We can’t predict the future, but we can all plan for uncertainty, and our Complete Plus deal is a very smart plan indeed. For a little extra, the Complete Plus provides 12 months’ cover for legal expenses, including eviction notices, regaining possession of the property, court and bailiff fees.
We will even throw in the Complete Reference and an extra 6-months’ cover for FREE!
Landlords Emergency Cover
Landlords Emergency Cover is a 12 month policy which covers a wide range of domestic problems and breakdowns.
For more information about this new insurance for private landlords please get in touch, but don’t hang around we expect this to be popular at this rate.
What is included?
- Plumbing and drainage
- Complete failure of the domestic electricity supply
- The main heating system (Boiler)
- The water supply
- Emergency gas pipe supply cover
- Inoperative toilet
- Alternative accommodation
- Pest control