Why Rent Guarantee Insurance?

No matter how experienced you are as a landlord, and how many pre-tenancy checks you do, you cannot guarantee your tenant will not default on rent, or cause other problems, sometimes through no fault of their own.

With rent guarantee and legal protection insurance costing so little - usually less than £2 per week - landlords would be silly not to consider it, especially if their mortgage payments depend on rental income.

This policy is designed to be simple and straightforward and is based on the property, not the tenants in the property. It covers for 12 months, no matter how many changes of tenant you have. There is no maximum number of claims in that period and if a claim remains unsettled at the end, the cover continues.

Should you have problems with tenants and they need to be evicted, the administrators will take over conducting the necessary legal procedures to obtain vacant possession for you, whilst continuing to pay your rent.

Do You Qualify for Cover?

1. Your Tenants must be on an an Assured Shorthold Tenancy of not less than 6 months.
   
   
2. You must have a suitable written Tenancy Agreement.
   
   
3. You must obtain a successful TenantVERIFY Comprehensive Check with Referencing for all tenants in the property a maximum of 30 days before the start of the tenancy.
   
   
4. You must take a deposit which is not less than one month's rent.
   
   
5. You must protected your Tenant’s deposit in one of the Government Approved Tenancy Deposit Protection Schemes?

These are all standard requirements fro residential tenancies so no landlord should have a problem meeting the criteria.

You can process your Rent Guarantee insurance in minutes, and have the policy details instantly e-mailed to you once you have obtained the necessary tenant checks through TenantVERIFY.

The Application Procedure

1. Download a Tenancy Application Form from TenantVERIFY.co.uk
   
   
2. Register for you FREE on-line TeanantVERIFY Account and complete your comprehensive Check/s
   
   
3. Get an On-Line Quote from Insure4Rent.co.uk and apply for the insurance
   
   
4. Enter your TenantVERIFY reference number/s and all successful tenant check details will be forwarded to the insurers
   
   
5. Your policy will be prepared and you will be asked to make an on-line payment.

It's that simple. Most policies will work out at less that £100 (less than £2 per week including the 5% insurance tax) for 12 months' cover on your rental property, regardless of how many tenants you have.

Who provides this insurance?

This cover recommended by TenantVERIFY is provided by Prestige Insurance Management Limited, Insurance House The Pavilions, Bridge Hall Lane, Bury, Lancashire, BL9 7NX authorised and regulated by the Financial Services Authority (FSA #301688). The policy is underwritten by leading insurance provider Fortis Insurance Limited, Fortis House, Tollgate, Chandler's Ford, Eastleigh, Hampshire, SO53 3YA authorised and regulated by the Financial Services Authority (FSA #202039)