Being a landlord may seem like a lucrative way to enjoy a stable and steady income. However, should your tenants find themselves in a position where they’re unable to pay the rent, you’ll still have to cover the mortgage payments, the bills and any other expenses the property incurs.
Taking out rent protection insurance could protect you from this.
Safeguard your investment with rent protection insurance
Hunters offers a range of rent and legal protection products specifically designed for our landlords.
Our landlord rent protection insurance offers complete peace of mind for concerned landlords in what are uncertain times. We’re here to make our landlords’ lives easier, so our rent protection insurance is underwritten by HomeLet – the UK’s leading tenant referencing company. As a Hunters landlord, you’ll also enjoy preferential terms as part of your rent protection cover.
What’s included in our rent protection insurance package?
- Missed rental payments until vacant possession or for up to 15 months – whichever comes first.
- Legal expenses up to £100,000 to cover eviction costs if the tenant is in breach of their tenancy agreement.
- Cover should a tenant defend the action taken, meaning we continue to pay the claim until resolved.
Our landlord rent protection insurance ensures you receive 100% of the monthly rent payable for up to 15 months if your tenant defaults. In addition, you’ll also benefit from market-leading tenant references and up to £100,000 of legal expenses, including eviction costs.
With no policy excess, your payments begin from the first month of rent arrears. Under our landlord insurance with rent protection, you’ll also benefit from fast and hassle-free tenant eviction cover. This service is provided by a team of industry experts, so you don’t have to deal with any additional stress. Our comprehensive rent protection policy gives you the peace of mind that your income is safe.
Why is rent protection insurance important?
Even the most reliable tenants can sometimes run into financial difficulties that result in arrears, leaving you out of pocket. This is where rent protection insurance can prove to be an invaluable asset, regardless of whether you have one rental property or a whole portfolio.
Equally, if your tenants are proving less than ideal and you’ve issued a Section 21 or Section 8 notice, it can still take several months to evict a tenant. This could result in you losing a significant amount of money.
If you’re a landlord, we know you want to use an agent who offers a great service, good value for money and the best possible protection. We can now confidently say we offer the best service, the best protection and, we believe, the best value when it comes to not only our landlord property services but our landlord rent protection policy too.
Don’t be the next landlord to lose out on vital rent payments. Protect your income today by contacting your local branch to find out more.
Offering an extra layer of protection with industry-leading referencing
For our rent protection products to be applied, your tenants need to pass our referencing process. Our insurance partner offers the best in tenant referencing, reducing the chance for your tenants to fall into arrears or cause problems during the tenancy.
Cifas Checks
By directly checking the national fraud database Cifas, HomeLet detects applications where a potential tenant has either previously committed fraud or has a confirmed case against them.
HomeLet’s Default Database
A check against HomeLet’s Default Database highlights whether a tenant may have failed to pay their rent in the past. They have over 14,000 tenant records held in their system!
FAQs about rent protection for landlords
Why should I take out rent protection insurance?
Your property is likely your biggest investment, so protecting it is vital to ensure it makes you money. Do you insure the house you live in and the car you drive? Yes, so make sure your investment is covered.
Regular home insurance might not give you the cover you need; think about legal costs for eviction if necessary, chasing rent arrears and more. You need that property to be insured.
If you’re still unsure about whether you should take our rent protection, give your local branch a call and speak to one of our friendly experts.
How much does rent protection cover cost?
The cost of rent protection insurance is almost always based on the value of the property and the level of cover you choose. If you choose Hunters, it’s best to speak to your local branch to find out how much it’ll cost you to be protected. That said, it won’t be as much as you think.
Why choose Hunters for your rent and legal protection?
If you’ve chosen us as your agents, you’ll know that not only are we experts in the local lettings market, but we also really care about helping you maximise your asset. You can rest assured that we want to help you protect your asset too.
When taking out landlord rent protection insurance with us, you’ll also receive preferential rates on your terms.
Want to find out more about rent protection services or want to get covered right away? Contact your local branch.
