Rent guarantee insurance offers specialist cover that is often required by professional landlords, accidental landlords and buy-to let property owners. Our comprehensive insurance scheme covers landlords in the event of a tenant default or inability to pay rent.

Even when a landlord has been diligent in carrying out the necessary background checks, there will always be a risk of tenants defaulting or being unable to pay rent due to situations out of their control (i.e. a change in financial situation). With multiple tenants, one policy covers the entire property and therefore useful if the landlord ever needed to recover their income from the failure of rental payment.

Rent Guarantee insurance cover details

What’s covered
  • The landlord is covered in the event of a tenant defaulting or being unable to pay rent (i.e. change of financial situation).
  • One policy covers an entire property, all tenants within that property will be covered.
  • Policies will pay out in respect of rent not being received for a set number of months and/or a maximum monetary monthly or annual sum.
What’s not covered
  • The policy excess is usually defined as the first month’s unpaid rent.
  • Policies sometimes have an exclusion period, for example the first 30 days’ cover.
Optional cover
  • No optional covers.
Ways to trade
  • Schemes – Build your business by offering bespoke personal lines insurance which meets your customers’ exact needs.
  • White-labelling – Re-brand our tried and tested personal lines products and schemes, neatly marketed through your own website.

Explore the Rent Guarantee insurance market

Market information
  • One in five homes is now owned by a landlord.1
  • 2 million private landlords now rent out 5 million properties.2
  • There are more tenants in privately rented properties than in social housing.3
  • The current value of buy-to-let properties is estimated at £989 billion.4
  • Buy-to-let mortgage lenders will specify that insurance must be in place.5
  • By 2020, there will be around 6 million buy-to-let properties.6
  • By 2032, buy-to-let will account for over 33% of the UK’s housing stock.7

1, 2: http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/..., 3: http://www.channel4.com/news/social-housing-rent-private-landlord-tenant..., 4: http://issuu.com/landlordinvestor/docs/04_landlord_investor_february, 5, 6, 7: http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/...