Rent Guarantee Insurance

Remove the risk and cost associated with
non-payment of rent.

Cover available for Single Lets & HMOs.

Why choose Rent Guarantee Insurance?

Even the best of tenants can experience sudden changes in their financial circumstances. Tenant references can vet someone’s past, they can’t predict their future. A lost job, relationship breakdown or other changes in personal circumstances can affect their ability to pay you rent.

What would you do if your tenants stop paying rent?

There are appropriate legal actions you can take, but that won’t cover your lost rent in the short term. Rent Guarantee Insurance is designed to cover you if your tenants can't or won't pay their rent.

What does our policy cover?

Rent Arrears up to vacant possession

Rent Arrears, up to a maximum amount of £8,000 per calendar month from the date the tenant first falls into arrears paid until legal vacant possession

£75,000 legal expenses

Legal Costs and expenses up to £75,000 per insured incident – for eviction costs, legal defence, damage, rent recovery

Vacant possession cover

75% of the rent for up to two months after gaining legal vacant possession if the property cannot be re-let right away due to damage

What is Rent Guarantee Insurance?

Rent guarantee insurance is a legal expenses insurance contract designed to cover you if your tenant stops paying their rent during their tenancy. The policy includes legal expenses up to £75,000 to cover the legal costs needed to regain possession including, issuing notices, eviction, legal advice, legal defence & damage to the property.

Our rent guarantee insurance also covers 75% of the rent for up to 2 months if your property cannot be re-let right away after gaining vacant possession due to damage caused by the tenant.

Key benefits:

Safeguard your rent

Rent Guarantee Insurance pays you the rent owed under the terms of your tenancy agreement up until you have your property back.
In the event that the property cannot be immediately re-rented after obtaining vacant possession, we will provide you with 75% of the rent for a maximum of two months.

Reduce the impact of rent arrears

Challenges that arise during tenancies can have a big impact, both mentally & financially. Taking rent guarantee insurance can reduce the impact of non-payment of rent meaning you can relax knowing your rent is covered.

Accessible legal guidance around the clock

Our skilled legal team is available 24/7, prepared to assist you with any legal concerns. They are highly trained to offer advice on legal matters whenever you need it.

Minimize administrative tasks

Once the claim is approved, our legal team will handle the entire process until vacant possession is achieved. Say goodbye to pursuing rent payments or preparing legal documents.

Rent Guarantee Insurance For HMO's

Advanced Rent offers a unique solution for HMO’s providing you with a cost-effective solution to cover your properties. You will still benefit from the same cover as a single-let policy but with a huge cost saving.

Instead of having one policy per room, Our rent guarantee insurance for HMOs allows you to cover multiple tenants living in the same property on different ASTs under one insurance policy.

Any new tenants that move into your property will be covered from the day they move in, subject to successful referencing.

On average, our landlords save at least £500 per property compared to taking one policy per room.