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BTE Landlord Legal & Rent Protection Insurance

Landlords Legal and Rent Protector

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Overview

More people than ever have turned to renting out residential property as a form of income or a nest egg for the future, but there are pitfalls that can prove costly without the correct cover.

Issues such as tenants that cause physical damage to the property or refuse to pay the rent can cause a great deal of stress and take time to resolve, leaving landlords out of pocket.

Cover from IGI Insurance will ease the strain by meeting the costs of bringing and defending civil action to protect a landlord's interests and, with the option of rent guarantee cover, your client can also be protected from unpaid rent problems.

Policy Features and Benefits

The policy will cover:

  • Landlord's Legal Expenses
    • Actual or alleged wrongful acts by tenants (or a third party) which cause physical damage to the property, up to £50,000
    • Rent recovery
    • Court attendance expenses up to £100 per person per day, up to a maximum of £1,000 for any one claim to cover actual loss of salary or wages
  • Optional Rent Guarantee
    • Up to six months' rent arrears in total or a maximum monthly benefit of £1,500
    • Benefits are paid at 1/30th of the monthly benefit for each continuous day that rent is in arrears
IGI Legal Underwriting 0115 934 9814. Our lines are open Mon-Fri 9am-5pm