Rent & Legal Expenses Insurance
Even when you've taken all the right measures to look after your property, sometimes things can go wrong!
Rent Protection and Legal Expenses service means that, should the unexpected happen, you’ll always get the income you expect from your tenants, and it will also support you if you need legal representation to recover your property.
What are the benefits?
• 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
Terms and conditions apply.
Sometimes your tenant’s security deposit isn’t enough to cover significant damage or rent arrears. A comprehensive and rigorous coverage could mean the difference between regaining your property or defaulting on your buy-to-let mortgage.
With our Rent Protection and Legal Expenses service, you’ll get the income you’re owed and any costs you may have in recovering it, so you’ll not be out of pocket.
For added ease, Torbay Property Management and Goodlord have created a unique and automated claims process, to reduce the administration and to return the property to you as quickly as possible. They will always keep you informed so you know when your property’s protected, and how the claims process works.
The criteria for this service are closely linked to tenant referencing criteria. We already work with Goodlord to offer you the best lettings experience, including tenant referencing, so this Rent Protection service is aligned with the information we have on your tenants - simplifying the application for you.
How this service stacks up:
If you have a property to let and would be interested in finding out more information about rent and legal expenses and would like to let your property with peace in mind, call us today on 01803 295291 to arrange a free market appraisal.
