Legal Expenses & Rent Guarantee Insurance
A product that is often over looked by landlords is the Legal Expenses and Rent Guarantee product. The product has been around since the early 1990’s and in short pays for legal costs of evicting tenants who are in breach of their tenancy agreement.
The policy will also cover the value of the loss of rent in the event of a tenancy dispute whilst going through the eviction process and until the property is legally vacated.
There are 3 types of products available in this category, 2 of which are provided with rent guarantee insurance, as follows:
Legal Expenses
This is a comprehensive Legal expenses product that will cover the landlord’s costs of any disputes between themselves and their tenant(s). This is a 12 month policy and costs just £39.50 per annum.
Legal Expenses & Rent Guarantee (6 Months)
Comprehensive Legal expenses product covering the landlord’s costs for disputes between themselves and their tenant(s), with rent guarantee insurance up to a maximum of £2,500 per month. This is a 6 month policy and costs just £52.50.
Legal Expenses & Rent Guarantee (12 Months)
Comprehensive Legal expenses product covering the landlord’s costs for disputes between themselves and their tenant(s), with rent guarantee insurance up to a maximum of £2,500 per month. This is a 12 month policy and costs just £99.00 per annum.
Tenant Referencing is a requirement of this policy. Click here for more details
