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Why We Need Landlord Rent Guarantee Insurance

Why We Need Landlord Rent Guarantee Insurance

Rent Guarantee insurance is a legal cover that acts as a safeguard, should your tenants be unable to pay their rent.

This cover will help you receive your rental income should the unexpected occur.
Circumstances for any tenants could suddenly change and then they are no longer able to pay their rent fully on time. But you as a landlord will still have the ongoing cost of your mortgage and this will just keep adding up even though your tenant can’t pay.

At Kronos, all our Landlords whose applicants have passed tenant referencing are offered Rent Guarantee Insurance for only £169 per year with our Insurance provider who is the provider of this legal cover.

What does it mean by having this cover:

• Nil excess: you’ll receive 100% of rent owed if you make a claim
• Up to £100,000 legal expenses cover, including appeals and legal representation
• Rent recovery
• Property damage cover, for civil dispute expenses on damages over £1,000
• 75% of rent after vacant possession for up to two months
• Eviction of squatters and assistance with the costs involved
• Standalone legal expense cover, in case of civil dispute
• Contract dispute protection, covering costs in disputes of over £100
• 90-day claim window, from the date of first missed rental payment
• Auto-renewal process, so you have continuous coverage
• Exclusive partnership with DAS UK, with 40 years of experience in underwriting
Insurance

For more information on how Kronos can help you apply for rent guarantee insurance please contact one of our team who will be happy to answer any queries you have. You can contact us on 020 8004 4477 or via email info@kronosestates.co.uk

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