Specialist provider of Buy-to-Let cover, Total Landlord Insurancehas launched Total Rent Guarantee Insurance.
In these troubling financial times it is impossible for landlords to predict whether their tenant’s circumstances will change in the future and whether they will always be able to pay the rent, even though they have a successful reference. With the number of rental arrears on the increase across the nation, it is important that landlords don’t let their investment suffer.
Steve Barnes, Broking Manager, said:
“Drawn out legal wrangles, legal expenses and missed rental payments can be a nightmare and play havoc with the landlord’s investment and financial planning. In the current financial climate our customers wanted a policy that would be cost effective and provide legal assistance and rent guarantee in the event of a tenant falling into rental arrears. That is why we have launched Total Rent Guarantee Insurance.” (http://www.totallandlordinsurance.co.uk/products-and-services/total-rent-guarantee-insurance/)
The policies are available both online and by phone, although there are significant discounts if purchased online. Online, landlords can purchase legal expenses for just £45 saving £31.85 and combined legal expenses & rent guarantee insurance for just £94.50 saving £31.80 over the call centre price.