With challenging market conditions, you may be experiencing tenant issues - specifically - dealing with tenants struggling to pay the rent. Whilst some landlords will have invested in a rent guarantee product, others may not have - esp. if they have not experienced such issues or are new to the market. But that can leave you, the agent, in a precarious situation.
To solve this we've collaborated with Alan Boswell Group to bring to market a timely insurance product designed to protect letting agents management fees and provide your landlords with legal protection should the worst happen.
Our new, exclusive policy costs £75 including IPT, is backed by industry giants Aviva and includes:
Cover for up to 15 months of missed management fee payments up to a maximum of £375.00 per month.
Legal cover to help with Property Legal Disputes, Breaches of Contract, Eviction, Health and Safety Prosecutions and Repair and Renovation Disputes.
No policy excess once your claim hits the minimum 2 months arrears criteria, payments will be backdated to the 1st missed payment.
Claims notifications now accepted up to 60 days with no penalty or up to 90 days with a 1 month rent deduction.
Eliminate the need for renters to have a lump sum of cash to-hand in order to rent a property.
We aim to put £1,200 back into renters’ pockets by 2025, meaning they’ll have more money to save for the important stuff.
Enabling renters to put their rent payments towards their credit score means they’ll have better access to financial products and services on reasonable terms.
We’re working to eliminate tenant screening costs for letting agents and landlords by 2021.
We’re dedicated to saving you money, so we’ve partnered with some innovative financial service brands to bring you great products at great prices.
Want to talk? Our support team are on hand to answer all of your questions if you ever need them.
If you need to make a claim, or if you have a complaint about your insurance product or the service you have received, click ‘find out more’ for guidelines on how to submit these.