Added Protection For Your Property Business
Whilst renting out a property, a major concern for any landlord will be the threat of missing out on monthly rental income. By taking out a loss of rent policy you will be protected against any loss or damage caused by insured events, such as fire and flood resulting in your tenants unable to live in the property. This section of cover will not protect you in the event your tenants do not pay their rent.
Your landlord policy will unfortunately not cover unpaid rent by your tenants. However you should be able to purchase Rent Guarantee insurance which will cover your monthly rental income if your tenants do not pay. When thinking of renting your property, there are checks you can carry out to provide extra confidence in the ability of your tenants to meet their rent payment, such as: background check, credit check, contact previous landlord of the tenant, contact tenant’s employer and interview the tenants.
At Plan, we work with leading insurers to provide you with comprehensive protection, tailored to meet your specific needs.
You will benefit from:
- Competitive premiums from leading insurers
- Cover tailored to your exact requirements
- Award winning customer service and specialist advice