Guaranteed Rent Insurance – do you have the correct references?

Are you insured against lost rental, if so, are you compliant with your insurance requirements?

Guaranteed Rent Insurance – do you have the correct references?

It is every landlords nightmare when a tenant had defaulted on the rent or has left the property.  To recuperate the lost rental is not only time consuming, but expensive.  More landlords are taking out rent guarantee insurance to protect themselves against arrears, but are they aware of the pitfalls associated with this type of insurance.

For a valid claim to be made landlords must obtain one Credit Agency Reference and at least one satisfactory written character reference.

It is important to make sure these simple steps are in place each time you take on a new tenant, but check your insurance to make sure you comply.

 

 

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