New Server Rent Guarantee | Brilliant Landlords For Self Managed Landlords

Rent Guarantee Insurance

Protect your rental income by insuring against the risk of non-payment. We are able to offer you Rent Guarantee Insurance to ensure that you get the protection you need at a good price.

Rent Guarantee

Rent Guarantee Insurance is available to Landlords that wish to guarantee rental income in the event of tenant default.  As with any insurance policy, it will come with an excess and variable cover levels, but we can help ensure you get the best product for your needs.  With a Rent Guarantee product the risk of you defaulting on any Buy to Let mortgage payments is also significantly reduced giving you the peace of mind you need.

But these products should not be used in isolation, good tenant vetting and tenant management remain vital tools for any landlord and the vast majority of these insurance policies will require a minimum criteria for tenants to meet before validating the cover.

Rent Guarantee Benefits

  • Guarantee a flow of income
  • Protect your mortgage payments
  • Prevent cashflow problems
  • Minimise the risk of financial difficulty

Typical Requirements

  • Credit Check (Good pass)
  • A Minimum of 2 Good References
  • Income Verification (typically via a Reference)
  • Identity Verification

There are 6 types of legal expenses products available in this category, 4 of which offer rent guarantee insurance, as follows:

Legal Expenses Insurance

This is a comprehensive Legal Expenses product that will cover the landlord’s costs of any disputes between themselves and their tenant(s) up to a maximum of £25,000 per claim. This is a 12 month policy and costs just [£39.00] per annum.


Legal Expenses & Rent Guarantee (6 Months)

Comprehensive Legal Expenses and Rent Guarantee product covering the landlords costs for disputes between themselves and their tenant(s) up to a maximum of £25,000 per claim, with rent guarantee insurance up to a maximum of £3,000 per month. This is a 6 month policy and costs just [£53.00]


Legal Expenses & Rent Guarantee (12 Months)

Comprehensive Legal expenses and Rent Guarantee product covering the landlords costs for disputes between themselves and their tenantsup to a maximum of £25,000 per claim, with rent guarantee insurance up to a maximum of £3,000 per month. This is a 12 month policy and costs just [£99.00] per annum.


Legal Expenses & Rent Guarantee – No Excess (6 Months)

Comprehensive Legal Expenses and Rent Guarantee product covering the landlords costs for disputes between themselves and their tenant(s) up to a maximum of £25,000 per claim, with rent guarantee insurance up to a maximum of £3,000 per month. This is a 6 month policy which carries no excess and costs just [£69.00]


Legal Expenses & Rent Guarantee – No Excess (12 Months)

Comprehensive Legal expenses and Rent Guarantee product covering the landlords costs for disputes between themselves and their tenants up to a maximum of £25,000 per claim, with rent guarantee insurance up to a maximum of £3,000 per month. This is a 12 month policy which carries no excess and costs just [£124.99] per annum.


Legal Expenses – Property Disputes  – No Excess (12 Months)

A legal Expenses insurance product that also includes land and property disputes cover. This policy will pay for the costs of disputes the property owner may face which relate to: advisor’s costs for evicting trespassers; property boundary issues; defence of prosecution relating to the insured property for Gas and Safety, Furniture and Furnishings and Electrical Equipment Regulations and Identity Fraud.

The policy is available for 12 months and costs [£15.50] and is available as part of the Buildings Insurance Products


Tenant Referencing

It is a requirement of this insurance that the policy holder carries out references before the tenants move into the property. In the event of a claim, the responsibility lies with the insured to present the referencing documents.

All types of tenants have to be fully referenced these include DSS, students, self employed lets and the like.

However, for full time employed working tenants a 4 point check will suffice.

The 4 point check is:

  • Identification from the tenant, containing a clear verified photograph
  • Either a utility bill or a bank statement
  • Credit check; clear of CCJ’s, bankruptcies & indicating confirmation of residency
  • Confirmation of employment – a written employers’ reference on company letter headed paper confirming the tenant’s permanent and current employment and that their salary is at least a multiple of 2.5 of the tenant’s rent (the documents should be no more than one month old from the start of the tenancy)

*Please note that if the 4-point check is applied & is in place, there will be no need to do a full profile – though in the event of a claim, the responsibility lies with the insured to produce the appropriate documents.

Please note that when a working person does not meet the above requirements or after working out their ratio of income against the rental requirement it proves insufficient: then a full profile reference has to be carried out.

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