Rent Guarantee Insurance

*This is an overview of the cover we provide. Full terms and conditions can be found in the Policy Wording.

What is Rent Guarantee Insurance

Rent Guarantee Insurance – often referred to as Rent Protection Insurance, Tenant Default Insurance, or simply Rent Guarantee – is a form of insurance cover designed to help with rent arrears and resolve tenancy disputes requiring possession.

It acts as a safeguard, should your tenants become unable to pay their rent. If they cannot pay, Landlord Rent Guarantee Insurance kicks in, mitigating arrears, and providing professional services to help provide a solution.

Even the best tenants can fall on challenging times.

While it’s natural to be sympathetic, your rental income still needs to be paid. And if tenants can’t pay, that’s where Landlord Rent Guarantee Insurance comes in.

UKInsuranceNet are working with our sister company HomeLet to offer Rent Guarantee cover to our customers.

What does Rent Guarantee Insurance cover?

Our Rent Guarantee Insurance for Landlords comes with a range of benefits, including:

Insurance for non-payment of rent

Missed rental payments until vacant possession of the property or for up to 12 months, whichever comes first up to a maximum of £50,000 including professional costs.

Continued cover when vacant possession is obtained

Up to three months rental payments at 75% following vacant possession, provided that the property is being advertised or re-marketed for letting. This cover ceases once the property is re-let.

Expert support when you need it most

In England and Wales, our experienced Claims team at HomeLet manage the eviction of tenants with on-site legal support. Across Scotland and Northern Ireland, we use a panel of solicitors.

Cover for professional & claim costs included as standard

Professional costs up to £50,000 (in aggregate with rent payments) to cover eviction costs of the tenant for certain breaches of their tenancy agreement, including expired section 21 notices and non-payment of rent.

Covers breaches of the tenancy agreement

Tenancy breaches by the tenant include non-payment of rent, unauthorised occupants and failure to vacate the property following a valid section 21 notice.

Total rent covered

Rent Guarantee covers the total monthly rent, no matter how many tenants are on the Tenancy Agreement – upper limits do apply

We can also continue to assist if the tenant defends the action taken, to help find the best solution

12 months policy term. Payment continues beyond the end of our policy term.

If you would like more information or have any questions, our dedicated team of experts is here to assist you every step of the way. Simply submit your contact details and a member of our team will be in touch.

What isn’t covered by Rent Guarantee Insurance?

While we aim to cover as many events as possible, there are restrictions to our policies:

• We only cover homes located in Great Britain and Northern Ireland.
• If the tenant is already living in the property when you purchase cover, and then fails to pay within the first 60 days of the policy term, you cannot make a claim.
• You cannot claim for periods during which the property is unavailable to be re-let once the property has been made vacant.
• Amounts exceeding the sum equivalent of 12 times the monthly rent for Rent Guarantee payments.​

To learn more about the terms and conditions of our Landlord Rent Guarantee Insurance, view the Policy Wording.

Do I need Rent Guarantee Insurance?

Rent Guarantee Insurance is not a legal requirement, but it can help to reduce the financial risks associated with being a landlord.

You may be liable for additional costs that you cover with the monthly rent too. Expenses may include, safety tests, alarms, income tax, letting agent management fees, marketing your property and utilities bills.

Landlord Rent Guarantee Insurance can help to give you peace of mind that these costs, or a portion of them, will continue to be covered if you have let your property to a tenant and things go wrong.

If they are unable to pay their rent, refuse to leave after being served an eviction notice, or withhold rent due to a dispute, you can submit a claim for the lost rental payments to help ensure that you have the funds that you need to hand. For full terms and conditions, please read the Policy Wording to make sure this product is suitable.

If you would like more information or have any questions about Rent Guarantee, our dedicated team of experts is here to assist you every step of the way. Simply and a member of our team will be in touch.

How do I get Rent Guarantee Insurance?

Whether you’re planning your insurance for your first buy-to-let investment or you’re an established landlord who is thinking of getting some additional cover after dealing with tenants who have missed payments, our  is suitable for all landlords. Please note that this policy cannot cover events that have already happened.

You can call us on 01325 346 328, and one of our friendly team will be happy to answer any questions that you might have about our cover. They can also help you to arrange your Rent Guarantee Insurance over the phone.

Alternatively, if you have a contact preference or you’re not quite ready yet, you can request a scheduled call back.

We’re open from 08:30 – 19:00 Monday to Friday and 09:00 – 13:00 Saturday. Whatever you need, we’re happy to help.