Is Rent Guarantee Insurance Really Worth It?
Is Rent Guarantee Insurance Really Worth It? With the Renters' Rights Bill on the horizon – the real question is: can you afford to be without it?
As the Government moves closer to abolishing Section 21, evicting tenants is set to become a far more complex, time-consuming, and expensive process. With increasing delays in the courts and more robust protections for tenants, landlords are finding themselves exposed to greater financial risk than ever before.
So, how do you protect yourself?
What is Rent Guarantee Insurance?
Rent Guarantee Insurance offers a financial safety net for landlords. If your tenant falls into arrears, this cover ensures you’re not left out of pocket. Most policies include not only unpaid rent but also legal expenses—so you're supported if you need to serve notice, take court action, or recover damages.
It’s about more than just lost rent—it’s about peace of mind.
Why Every Landlord Should Consider It
🔒 Peace of mind
With Rent Guarantee Insurance, you can relax knowing your rental income is protected—even if your tenant stops paying.
💷 Financial security
Legal proceedings can be costly and lengthy. When tenants remain in the property while in arrears, your losses can mount quickly. With rent protection in place, your policy can cover both your lost rent and the legal fees required to regain possession.
So, is it worth it? Absolutely.
Let Us Take the Stress Off Your Shoulders
As part of our fully managed service, we offer Rent Guarantee Insurance through Alan Boswell Insurance Brokers, one of the UK’s most trusted providers. This means you’ll be covered for:
- Up to £2,500 per month in rental income
- Up to 15 months’ rent covered per claim
- Vacant possession cover up to 75% of rent for up to three months
- Legal expenses up to £100,000
- Full support with serving Section notices
Not using our management service? No problem—we can still help you take out a policy and make sure you're covered.
📞 Don't wait until it's too late.
If you don’t currently have Rent Guarantee Insurance—or if you’re unsure whether your current policy offers the protection you need—get in touch with our office today. We'll guide you through the process and, if you’d like, take care of everything for you.
Let us help manage your property, so you can enjoy the benefits of letting without the stress.
📞 - 01474 321957
📧 lettings@mandmprop.co.uk