Rent Guarantee and Legal Protection Insurance
There are 3 types of products available in this category, 2 of which include 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). This is a 12 month policy and costs just £39.90 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), with rent guarantee insurance up to a maximum of £2,500 per month. This is a 6 month policy and costs just £52.50.
Legal Expenses & Rent Guarantee (12 Months)
Comprehensive Legal expenses and Rent Guarantee product covering the landlords costs for disputes between themselves and their tenants, with rent guarantee insurance up to a maximum of £2,500 per month. This is a 12 month policy and costs just £98.70 per annum.
It is FAST and EASY to get a NEW quote, it is FREE, and GUARANTEED to be competitive, and will save YOU money. You are a few SIMPLE steps from a FREE
Tenant Referencing
It is a requirement of this policy 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 either by Rentguard or a Referencing company approved by Rentguard ? these include DSS, students, self employed lets and the like.
However, for full time employed working tenants a 4 point check will suffice* (please note that the details have to be valid from the start of the tenancy agreement.)
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 and 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.
It is FAST and EASY to get a NEW quote, it is FREE, and GUARANTEED to be competitive, and will save YOU money. You are a few SIMPLE steps from a FREE
This insurance is arranged and administered by RGA Underwriting Ltd
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