LANDLORDS INSURANCE
Rent Guarantee & Legal Cover
Cover your legal expenses for recovering rental arrears and repossessing a property after an eviction up to a limit of £50,000 in each instance.
MULTI-PROPERTY DISCOUNT UP TO 15%
Price is for a monthly rent value of £1,000 for one property. Add up to 10 properties online with max. £3,000 rent per property.
![](https://images.prismic.io/rubber-ring-web/7bd7c2d1-a1d9-465d-965b-8c2c0be693d5_Landlord_Splash%402x.png?auto=compress,format&w=1290&h=744)
This insurance is administered by Legal Protection Group Limited and insured by Financial & Legal Group.
LANDLORDS INSURANCE
Insure your rent value up to £3,000/month per property
• Legal costs and expenses
• Rent arrears for a maximum of 12 months or up to vacant possession
• Alternative accommodation costs up to £5,250;
• Storage costs up to £450.
Pursuing your legal rights to obtain possession of your property from the tenant.
Pursuing the tenant to recover rent owed to you under a tenancy agreement.
Where we are covering your claim for repossession, the insurer will pay:
• Unpaid rent up to the limit of indemnity until vacant possession is gained
• 50% of the monthly rent that would have been payable for a maximum of 3 months until your property is ready to be re-let, if your property cannot be immediately re-let due to neglect or damage caused by your tenant.
Where the tenancy agreement has ended and you are seeking possession of your property for you to live in it, the insurer will contribute towards the cost of alternative accommodation for you and the storage of your personal possessions for a maximum of 30 days.
Pursuing your legal rights against the tenant or another party who has directly caused damage to your property and its contents.
Pursuing your legal rights:
• in a dispute relating to a legal nuisance or trespass which interferes with the use, enjoyment or right over your property;
• to evict anyone who is not your current or former tenant from your property.
Defending your legal rights if an event arising from your letting of your property leads to:
• pre-charge – interview by the Police or other prosecuting authorities where suspected of committing a criminal offence
• prosecution in a criminal court
Pursuing or defending disputes arising from a breach or alleged breach of a contract for the buying or hiring in of goods relating to your property or the buying or hiring in of services relating to the repair, maintenance or renovation of your property.
Representing you in an HMRC investigation into your personal tax affairs.
Lost salary or wages for the time you are off work to attend court for a claim under this insurance.
Confidential telephone advice on personal legal or tax matters under UK, Isle of Man or Channel Islands law.
Confidential telephone counselling service on matters causing distress.
See Helpline Services
What’s the difference between Rent Guarantee Insurance and Loss of Rent Insurance?
Rent Guarantee Insurance typically covers the cost of lost rent if a tenant defaults on their rent payments or leaves before the end of their lease term. This type of policy usually includes legal expenses coverage and can cover the cost of pursuing legal action against tenants who fail to pay rent or breach their rental agreement.
Loss of Rent Insurance usually covers the cost of lost rent if the rental property becomes uninhabitable due to damage caused by an insured event, such as a fire, flood, or storm. This type of policy typically pays out a percentage of the rental income that the landlord would have received if the property had been habitable.
In summary, Rent Guarantee Insurance protects landlords against financial losses resulting from tenant default, while Loss of Rent Insurance protects landlords against financial losses resulting from property damage or destruction. It's important to carefully review the terms and conditions of each policy to understand the exact coverage provided.
MULTI-PROPERTY DISCOUNT UP TO 15%
Have to hand the addresses and rental values of each property and we’ll have you covered in no time!
Need to insure more than 10 properties?
Call us on 0161 533 0803 or email team@rubber-ring.co.uk
If your tenants can’t pay, we will
Rubber Ring Rent Guarantee Insurance ensures that you receive your monthly rental income even if your tenants fail to make payments. This insurance policy is distinct from loss of rent coverage, which only compensates you if your property cannot be rented due to damages covered by your landlord building insurance, such as a fire.
Typically, you can file a claim on your Rubber Ring Rent Guarantee Insurance after your tenants have missed one month's rent payment. After that, your insurance policy will continue to provide payouts for a specified duration, usually ranging from 6 to 12 months.
MULTI-PROPERTY DISCOUNT UP TO 15%
Price is for a monthly rent value of £1,000 for one property. Insure up to 10 properties online with max. £3,000 rent per property.
Eligiblity for a rent guarantee policy
You need to have following in place to be eligible for a rent guarantee policy:
Assured shorthold tenancy (AST) agreement
This must be in place if you are a private landlord and your tenants rent your property as their main home. You can read more about ASTs and find an agreement template on the GOV.UK website.
Tenant referencing and credit checks
These independent checks confirm that your tenants can afford their rent, and also looks at their rental history. You can use an industry body like the NLA or a rent guarantee insurer to carry out these checks.
Deposit
This should be collected from your tenant before they move into your property, and held in a deposit protection scheme. You can find more information on the government’s Tenancy Deposit Scheme website.
If you fail to meet any of these criteria, the insurer could refuse to pay any claims you make, so get everything in place before you take out cover.
MULTI-PROPERTY DISCOUNT UP TO 15%
Price is for a monthly rent value of £1,000 for one property. Insure up to 10 properties online with max. £3,000 rent per property.
Making a claim is the most important journey you will have with us.
![](https://images.prismic.io/rubber-ring-web/397a153f-d58e-462d-821f-ad132743b782_Image+2%402x.png?auto=compress,format&rect=0,0,1290,744&w=1141&h=658)
If you are involved in a legal dispute relating to your insured property which cannot be resolved by using our Helpline Services and needs to be reported as a claim under this insurance, please phone our dedicated claims reporting line on 0344 840 6345 which is open 24 hours a day, 365 days a year. All calls are recorded for training purposes. Please have ready your policy number.