Protect Your Rental Income In Minutes!

Whether you have one investment property or have built a substantial portfolio, the last thing you want to do is put your investments at the mercy of a tenant who fails to make the rent. By having a rent guarantee insurance policy in place this can protect you from being out of pocket as a landlord. Assetgrove can help with guaranteed rental schemes, and can offer excellent advice on such policies. Let’s look at some of the advantages of rent guarantee insurance, and why it’s important that you get it.

Economic Uncertainty

It’s still unstable out there and while companies offering rental insurance schemes often undertake strenuous employment and credit checks, your tenants may find themselves without work at short notice. Rent guarantee insurance will make sure you’re covered if this happens.

The Insurance Company Will Chase Arrears

With guaranteed rental insurance you’ll not only receive guaranteed payments but you won’t have to chase your tenant for arrears. The insurance company will want their money back and will have the means at their disposal to ensure this happens. Chasing tenants can be an unpleasant ordeal so it’s best to leave it to the experts.

Cover In Case Of Emergencies

Life happens and fire, floods, and other events can render your property uninhabitable. Losing rental income on these occasions only adds to the problem. Rental cover protects you should you experience such circumstances.

Legal Expenses Covered

Some rent guarantee insurance policies cover this while others offer separate legal expenses policies. Whatever the case, this is essential as it covers the legal fees that arise when you need to evict a tenant. Look for policies that offer this in tandem with guaranteed rent insurance to make sure you receive rent while the eviction process is undertaken. Thankfully, the best guaranteed rental schemes will also take care of the eviction process for you.

Dilapidation Covered

Apart from tenants skipping rent, the worst thing that can happen to your property is tenants leaving it uninhabitable. Companies like Assetgrove will ensure a detailed, date-stamped inventory is taken when tenants move in. Rental guarantee insurance will cover the dilapidation costs, and guarantee your rental income, provided you can supply this inventory.

Legal Advice

The best rental insurance companies offer free legal advice around the clock. Being a landlord can be a legal minefield, so this is like having an army of lawyers in your corner 24/7.

Peace of Mind

Next to income, security and lifestyle are the most likely reasons you have an investment property. Guaranteed rental schemes allow you to get on with living your life with the knowledge that you’re fully covered. If you dream of a life in the sun, without sleepless nights of wondering whether your tenants will pay, guaranteed rental insurance is just the ticket.

Given the current economic climate, guaranteed rental insurance is essential. After all, it could make the difference between you keeping or losing your investment property

Alex Evans

You May Also Enjoy

Breaking News

Majority of Tenants Unsure How Changes Will Affect Them, Says LRG

With major changes to the private rental sector on the horizon, 62% of tenants say they don’t know whether the government’s Renters’ Rights Bill will address their concerns – highlighting a growing need for clearer communication around what the reforms will mean in practice. LRG’s latest Lettings Report shows that while landlords are widely aware…
Read More
Home and Living

Perfume Storage Tips: How to Keep Your Fragrances Fresh

Perfumes are sensitive compositions that can be significantly affected by how they are stored. Proper storage ensures that your favorite fragrances stay fresh and maintain their intended scent profile. In this article, we’ll explore practical, fun, and effective tips to help you preserve your perfumes in perfect condition. Understanding the Sensitivity of Perfumes Perfumes are…
Read More
Breaking News

Renters’ Rights Bill Delay Causing Uncertainty for Tenants and Landlords

Ministers need to tell landlords and tenants when measures in the Renters’ Rights Bill will take effect the National Residential Landlords Association (NRLA) is today warning. The Government pledged last year to abolish Section 21 ‘no explanation’ repossessions and to make other changes to the rental market this summer. With the Bill not scheduled to…
Read More
Breaking News

Breaking Property News 02/04/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Made Snappy 360 appoints new CEO and Sales Director to accelerate growth in the property technology space Made Snappy 360, the fast-growing proptech company known for its virtual tours and floor plan technology, has appointed industry veteran Mark Beresford-Ward as its new Chief Executive…
Read More
Home and Living

Expert reveals the exact date parents must start renovating in time for summer

Loft and attic renovations are gaining popularity this spring, with nearly 11,000 monthly Google searches, highlighting them as one of the top home renovation projects Brits are planning in the coming weeks. Loft conversion specialist Sally McClean, loft conversion specialist from Enfields loft conversions Rooftop Rooms, shares the exact dates homeowners should start their renovations…
Read More
Breaking News

Nationwide HPI – Annual house price growth steady in March

Annual rate of house price growth remained stable in March at 3.9%, unchanged from February Northern Ireland remained the top performing area, with annual price growth accelerating to 13.5% London weakest performing region, with 1.9% year-on-year rise Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist, said: “UK house price growth remained stable in March…
Read More