Does the rent cover under my property owner’s policy pay me if my tenant doesn’t pay his rent?

This is a common question and one which is very easy to answer: no.

Rent cover is automatically paid to you if a claim is made under your policy for an insured peril. For example, should your property suffer a water damage claim and your tenant has to move out your insurers will automatically pay the loss of rent to you as part of the claim. All insured perils are detailed on your policy schedule but if you are unsure please contact us.

Can I obtain cover for my tenant not paying his rent?

Yes – Rent Guarantee Insurance will protect you in the event that your tenant fails to pay the rent.

Rent Guarantee Insurance is a relatively small premium and you can tailor the level of cover to suit your rental income. It can help protect you by providing rent arrears cover and can assist you with up to £50,000 of Legal Expenses cover to recover those arrears.

As well as helping you recover rent arrears, the Legal Expenses cover also helps you in the event that you need to evict someone who is occupying your property without your permission or in the event that a person is pursuing civil or criminal proceedings against you as a result of your ownership of the property.

Please contact us for further information or quotation

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