Rent protection and legal expenses insurance
The Renters’ Rights Act has changed how landlords regain possession of their property. Under the new legislation, resolving rent arrears is likely to take longer, leaving unprotected landlords exposed to ongoing costs whilst the tenant remains in the property.
With 45% of landlords experiencing rent arrears, Rent Protection and Legal Expenses Insurance can take worry away.
- 100% of rent for up to 15 months of the contract (subject to a maximum amount of £50,000) if your tenant defaults until vacant possession is obtained, or your property is re-let (whichever is the sooner).
- Up to £50,000 of legal expenses for costs arising from regaining possession of your property from a tenant (providing there are rent arrears or the tenant has failed to vacate the premises at the end of a tenancy agreement).
- We manage claims for you. This means that if the rent becomes overdue we will automatically process a claim on your behalf and credit your account - you don’t need to do anything. Should the claim escalate, we’ll continue manage it for you, including third parties such as bailiffs and legal representatives.
To get a full quote and see full policy terms, please complete our online quotation or speak to a dedicated Rent Protection adviser on 01392 849 758^.
Reeds Rains Limited is an appointed representative of John Charcol Limited which is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office 4th Floor, 11 Leadenhall Street, London, EC3V 1LP.
This insurance is provided by Irwell Insurance Company Limited, administered on behalf of Irwell by Addept Insurance Services Ltd. We arrange the policy on your behalf and support Addept in administering the insurance contract.
^ Calls may be recorded and/or monitored for training and/or data protection purposes.
Tenant Find Landlord Service Customers
For landlords who have chosen the Reeds Rains Tenant Find lettings service, First2Protect offer this optional cover, exclusively from our provider ARC Legal Assistance:
- Rent Protection - Up to £1,250 monthly rent for up to 6 months of the contract if your tenant default.
- Legal Expenses - Legal expenses paid for costs arising from regaining possession of your property from a tenant1.
- Squatters - Funds paid to evict squatters who have gained unlawful access to your property1.
- Rent paid while you restore your property If there is damage to the property that must be repaired before the property can be re-let, then 50% of the rent will be paid for up to three months.
- Legal and Tax helpline - A 24 hour advisory service for any legal or tax problem of concern to you relating to the property you are insuring
Talk to one of First 2 Protect Insurance Services' friendly insurance advisors on 01392 849 761^ for more information on how to ensure they will be able to regain possession of your property and keep your income safe.
1The limit of cover for Legal expenses and squatters is £50,000 for any one claim.
Reeds Rains is an introducer to First2Protect Insurance Services. First2Protect Insurance Services is a trading name of First2Protect Limited, an appointed representative of John Charcol, a trading name of John Charcol Ltd, which is authorised and regulated by the Financial Conduct Authority.
^ Calls may be recorded and/or monitored for training and/or data protection purposes.