Loss of Rent Cover
If there is a situation that leaves your rental property uninhabitable (structural issues, fire damage, storm damage or flooding, for example), your tenants will need to move out. During this time, they will not be expected to pay rent which can leave you significantly out of pocket.
With rent protection insurance, you will receive the income you need to carry on running smoothly while your property is repaired.
Tenant Default Cover
If your tenant’s circumstances change unexpectedly, leaving them unable to pay rent – such as a job loss or long-term illness, tenant default cover will pay you what they owe. This offers guaranteed rent for landlords when the tenant is in two months’ worth of arrears.
Provided you performed adequate credit checks and the time of renting, you are able to add this feature to most landlord insurance policies.