Rent guarantee insurance

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Rent guarantee insurance

    Any private landlords take rent guarantee insurance in order to cover their potential rent loss? My smart wife says it is easy to buy this kind of insurance but when you claim you will know it is not that easy... Please tell me your experience. Thanks

    #2
    Just took it out today for the first time as had to evict a tenant earlier this year and it took a year and a lot of money. Doesn't seem to expensive, I hope it works if I ever needed it.

    Comment


      #3
      As far as I know you have to take it before the new contract starts

      Comment


        #4
        Listen to your wife.
        I would be thrilled to hear of anyone who has successfully claimed

        Comment


          #5
          I found out my post was redirected to here. I hope the post can noticed thanks

          Comment


            #6
            I rang my Insurance Company to check that if my tenant did not pay my Insurance Company would pay the rent to me. They said that for them to pay me I would have to have served a Notice to Quit. What I need to know is, with my Landlord Insurance having Legal Insurance, will that policy also pay a solicitor to issue the Notice to Quit ?? Or do I have to start paying £200 an hour for my own solicitor to do it ???

            Comment


              #7
              You can do it yourself . That is the only thing they need?

              Comment


                #8
                I don't have rent guarantee insurance - I think it is expensive - but I do always have legal cover. You can often get this as an add on either free or quite cheap and you only need to use it once to make it worthwhile! I did and it was!

                Comment

                Latest Activity

                Collapse

                • Empty flat insurance
                  by mr.mobi
                  My tenant has moved out and the property will be empty for a few weeks while we redecorate. Every quote I try to get online seems to default to a rented insurance.
                  Does anyone have any recommendations for empty insurance only?

                  Thanks!...
                  18-10-2021, 22:37 PM
                • Reply to Empty flat insurance
                  by ashburnham
                  This shouldn't be a problem for any good landlord insurance broker. Obviously it is quite common for a property to become vacant between tenants.

                  We have schemes that give you full cover or restricted cover and for 30, 60, 90, however many days is required. You just pick the option that...
                  20-10-2021, 10:35 AM
                • Reply to Empty flat insurance
                  by jpucng62
                  Most LL insurance will give you 30 days empty cover &/or default to a lower level of cover (FLEE) whilst empty. Otherwise use a commercial broker who should be able to give you empire property insurance.
                  20-10-2021, 06:58 AM
                • Newbie - Landlord insurance question
                  by Borisko
                  Hi everyone, I'm trying to renew my landlord insurance and starting to wonder if some of the things I ticked before are so relevant. Can anyone answer a dumb question please - if letting a 3 bed terraced house what essential use is insurance of "contents of common parts" or can explain this...
                  18-10-2021, 15:46 PM
                • Reply to Newbie - Landlord insurance question
                  by flyingfreehold
                  it is of no use to you. The cover is designed to include carpets curtains possibly furniture and chadeliers as might be found in the common parts of a block of flats.. The standard amount included is £50,000; although mostly landlord common parts contents will be a tiny fraction of such a figure. It...
                  19-10-2021, 01:38 AM
                • Rent guarantee insurance
                  by Uklondoner
                  Any private landlords take rent guarantee insurance in order to cover their potential rent loss? My smart wife says it is easy to buy this kind of insurance but when you claim you will know it is not that easy... Please tell me your experience. Thanks...
                  11-10-2021, 20:19 PM
                • Reply to Rent guarantee insurance
                  by jpucng62
                  I don't have rent guarantee insurance - I think it is expensive - but I do always have legal cover. You can often get this as an add on either free or quite cheap and you only need to use it once to make it worthwhile! I did and it was!
                  18-10-2021, 13:23 PM
                • Insurance Inflation Protection
                  by Hooper
                  I've renewed annually with the same insurer for past 6yrs. My policy states:



                  I've been been somewhat complacent when checking my renewals and just assumed this has been applied, like it is on all my policies. Unfortunately, now that I am making a claim it turns out that I...
                  13-10-2021, 10:09 AM
                • Reply to Rent guarantee insurance
                  by Uklondoner
                  You can do it yourself . That is the only thing they need?
                  12-10-2021, 13:27 PM
                • Reply to Rent guarantee insurance
                  by Piffy
                  I rang my Insurance Company to check that if my tenant did not pay my Insurance Company would pay the rent to me. They said that for them to pay me I would have to have served a Notice to Quit. What I need to know is, with my Landlord Insurance having Legal Insurance, will that policy also pay a solicitor...
                  12-10-2021, 10:04 AM
                Working...
                X