Insurance Questions

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Closed, Sticky: Building Insurance - Blocks of flats. by leaseholdanswers Started by leaseholdanswers, 12-01-2014, 12:38 PM	0 responses 6,012 views 0 likes	Last Post by Priever 11-10-2017, 12:34 PM
Sticky: Leaseholder’s rights to 1 insurance policy information & 2 Right to Lodge a Claim by leaseholdanswers Started by leaseholdanswers, 27-12-2013, 10:53 AM	0 responses 3,914 views 0 likes	Last Post by Klanator 06-09-2017, 08:01 AM
Closed, Sticky: Escape of Water In Flats Claims- Who Pays the Excess by leaseholdanswers Started by leaseholdanswers, 30-07-2013, 10:13 AM	0 responses 5,963 views 1 like	Last Post by leaseholdanswers 30-07-2013, 10:13 AM
Closed, Sticky: Escape of Water Leaks in Flats by ashburnham Started by ashburnham, 04-07-2013, 15:21 PM	0 responses 9,832 views 1 like	Last Post by ashburnham 04-07-2013, 15:21 PM
Landlord insurance letting to the council ? by craig2222 Started by craig2222, 20-05-2020, 13:38 PM	2 responses 63 views 0 likes	Last Post by ash72 16-06-2020, 04:58 AM
Do I need a landlord insurance? by James378 Started by James378, 08-06-2020, 11:03 AM	9 responses 111 views 0 likes	Last Post by Section20z 15-06-2020, 22:16 PM
Property empty and being renovated- what is appropriate insurance? by Lots on Started by Lots on, 01-06-2020, 14:18 PM	9 responses 98 views 0 likes	Last Post by BTL investor 12-06-2020, 23:59 PM
Any companies currently offering landlords insurance? by Efferneti Started by Efferneti, 31-05-2020, 20:12 PM	4 responses 71 views 0 likes	Last Post by ashburnham 01-06-2020, 08:15 AM
Leaseholder wants to use a keysafe by Joubert Started by Joubert, 28-05-2020, 14:41 PM	4 responses 60 views 0 likes	Last Post by Joubert 29-05-2020, 14:12 PM
Is this the correct policy type for us? by Beresford Gatehouse Started by Beresford Gatehouse, 23-01-2020, 17:46 PM	4 responses 101 views 0 likes	Last Post by ATC 15-05-2020, 07:16 AM
Rent guarantee insurance by scribbler39 Started by scribbler39, 14-04-2020, 18:58 PM	8 responses 110 views 0 likes	Last Post by Stew 12-05-2020, 15:26 PM
Too many questions on insurance claim after fire. by funkar Started by funkar, 17-04-2020, 16:15 PM	5 responses 85 views 0 likes	Last Post by Another Fine Mess 12-05-2020, 09:27 AM
Paying insurance direct to a broker affects your L&T rights by Stacker Started by Stacker, 04-05-2020, 16:30 PM	6 responses 74 views 0 likes	Last Post by Stacker 10-05-2020, 11:42 AM
Insurance Company Refuses to Pay out for Rent arrears or legal expenses by tango1234 Started by tango1234, 09-05-2020, 01:31 AM	2 responses 75 views 0 likes	Last Post by AndrewDod 09-05-2020, 08:25 AM

Rent Guarantee Insurance

by oi2004as

Hi

I would be interested in your view on the following

I received a renewal Legal & Rent Guarantee Insurance documents from Rentguard (which initiallyy I purchased through Openrent)

There is the following condition in their 'statement of fact':
"The...
- Channel: Insurance Questions
11-07-2020, 11:59 AM
Reply to Rent Guarantee Insurance

by tatemono

that's the rent guarantee insurance we use and which has worked for us for many years....
- Channel: Insurance Questions
13-07-2020, 20:58 PM
Reply to Rent Guarantee Insurance

by AndrewDod

No 7.1 will not likely stand up in court. You cannot have open ended guarantor deeds that apply in this way robustly.

The fact that you have said that it will apply also to unknown rental increases, for an unknown term, and covers unknown costs means that it is likely invalid
...
- Channel: Insurance Questions
13-07-2020, 19:39 PM
Reply to Rent Guarantee Insurance

by oi2004as

To jpkeates
This is not about zero-risk option. The part which I do not like the most is that I become tenant-dependant for buying insurance.
They may not reply to my email about their circumstances
They may not provide correct information
They may not allow to run re-referencing...
- Channel: Insurance Questions
13-07-2020, 19:14 PM
Reply to Rent Guarantee Insurance

by theartfullodger

HOW was the guarantee documented please? Enacted as a deed? Guarantor credit checked, given AST & guarantee and advised to take legal advice prior to signing, please?...
- Channel: Insurance Questions
13-07-2020, 19:06 PM
Reply to Rent Guarantee Insurance

by oi2004as

To AndrewDod
I have a guarantor on this Tenancy Agreement.
This is 12-month fixed and then becoming rolling (monthly) contactual agreement.
The guarantor is a party to the agreement (signed)
The agreement has the following clauses:
7.1 In consideration of the Landlord agreeing...
- Channel: Insurance Questions
13-07-2020, 19:00 PM
Reply to Rent Guarantee Insurance

by jpkeates

I think you're looking for a zero-risk option, but property letting is an investment business with risk baked in.
I don't blame you! But I think you're going to struggle.

Like all of us, the rent guarantee insurance sellers didn't see the pandemic coming, and it wasn't covered in...
- Channel: Insurance Questions
13-07-2020, 16:25 PM
Reply to Rent Guarantee Insurance

by AndrewDod

If a guarantor agreement is valid at all (which is a BIG if) it is not going to be valid past the initial fixed term (no matter what it says) - so as much use as non-stick Sellotape or Jeremy Corbyn....
- Channel: Insurance Questions
13-07-2020, 16:08 PM
Reply to Rent Guarantee Insurance

by Boab

I doubt anyone in this town has ten years rent. I’m obviously being Uber selective on tenants , but I also wondered about guarantors as well. Does a guarantor have the absolute obligation to cover rent defaults or can they avoid paying as well?...
- Channel: Insurance Questions
13-07-2020, 15:47 PM
Reply to Buildings & Contents Insurance - Recommendations

by ashburnham

Take a look at the LandlordZONE Insurance Directory for a list of providers.
- Channel: Insurance Questions
13-07-2020, 13:58 PM

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