Rent guarantee insurance- local authority tenant

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    #1

    Rent guarantee insurance- local authority tenant

    Hi
    im planning to rent my property, to a local authority tenant. The reference checks were done by the local authority. Therefore, how can I buy landlords rent guarantee insurance? Had anyone else been in the same situation ?
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    #2
    No-one is going to insure that risk, as it is almost a certainty.

    Comment

      #3
      Nothing you are doing is wise.
      Local authority????
      Not choosing your own tenants?
      Having someone else do and interpret reference checks?
      Thinking that rent guarantee insurance is going to somehow save you?

      Yes there are others in the "same situation" - they end up tens of thousands of £ poorer, with grey hairs, heart attacks and a different view of life.

      As JK0 says, insurers do not insure against inevitable disaster, except at a very high premium
      • 1 like

      Comment

        #4
        You don't need rent guarantee insurance if the tenant is a local authority.

        You may want it for a tenant who works for a company at risk of closing or has to downsize its employees.

        Comment

          #5
          Op said the tenant is a local authority tenant, so I took that to mean he is renting to a tenant found by the local authority. I might have misinterpreted though.

          Perhaps Op can clarify.

          Comment

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