As a landlord, you understand the importance of protecting your investment and ensuring a steady stream of rental income. Unfortunately, tenants may fall behind on their rent, leaving you with a financial burden and legal expenses. That’s where rent guarantee insurance comes in – it provides protection against rent arrears and other unforeseen events.

We’ll explore the top companies in the UK offering rent guarantee insurance and highlight their policies and pricing.

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Alan Boswell Group

The Alan Boswell Group is a well-established insurance brokerage that has been in operation since 1982. Their rent guarantee insurance policy covers up to 15 months’ rent, legal expenses up to £100,000, and eviction costs. Prices start at £114 per year for coverage up to £2,500 per month, and increase based on rental income and policy duration.

Pros of choosing the Alan Boswell Group include their experience and reputation in the insurance industry, a 24/7 Legal Helpline, as well as their comprehensive coverage options. Cons may include higher pricing compared to other companies and potentially longer claim processing times.

Just Landlords

Just Landlords is a specialist insurance provider for landlords, with over 20 years of experience in the industry. Their rent guarantee insurance policy covers up to 12 months’ rent, legal expenses up to £100,000, and eviction costs. Prices start at £99.95 per year for coverage up to £2,500 per month.

Pros of choosing Just Landlords include their specialisation in landlord insurance, competitive pricing, and additional coverage options such as property damage and landlord contents. Cons may include potentially limited coverage options compared to larger insurance providers.

Direct Line

Direct Line is a well-known insurance provider in the UK, offering a range of insurance products including rent guarantee insurance. Their policy covers up to 12 months’ rent and legal expenses up to £50,000. Prices start at £99 per year for coverage up to £2,500 per month, and increase based on rental income and policy duration.

Pros of choosing Direct Line include their convenient online application process and no limit on the number of claims per year. Cons may include potentially lower coverage limits and potentially higher pricing compared to other companies.

Homelet

Homelet is a specialist insurance provider for landlords, offering a range of insurance products including rent guarantee insurance. Their policy covers up to 12 months’ rent and legal expenses up to £50,000. Prices start at £89.10 per year for coverage up to £2,500 per month, and increase based on rental income and policy duration.

Pros of choosing Homelet include their specialisation in landlord insurance, competitive pricing, and additional coverage options such as landlord contents and liability insurance. Cons may include potentially lower coverage limits compared to larger insurance providers.

Conclusion

Choosing the right rent guarantee insurance provider is essential for landlords seeking to protect their investment and ensure steady rental income. When selecting a provider, it’s important to consider coverage details, pricing, and additional coverage options to find the policy that best meets your needs as a landlord.

We encourage landlords to conduct their own research and choose the company that best fits their specific needs and circumstances. With the right rent guarantee insurance policy, you can protect your investment and enjoy the peace of mind that comes with knowing your rental income is secure.

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