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Guaranteed Rent
Our Rent Guarantee is designed to provide cover when the worst happens; a Contract Holder defaults on rent and/or breaches the tenancy agreement.
As standard, all of our policies include:
· Rent paid for 15 months or up to Vacant Possession, whichever is first (up to £50,000)
· Up to three months’ rental payments at 75% following vacant possession
· Rents up to £3,500 per month with higher values considered upon request
· Mid-tenancy cover is available for fully managed, existing tenancies, subject to a no-claims period.
· Covers breaches of the tenancy agreement by the Contract Holder, including non-payment of rent and expired notices seeking possession
Exclusions and limitations:
This will not cover:
· Any claim for a Company Let where the occupiers of the Property are not employed by the Contract Holder company.
· Any action taken by Us or the Landlord which causes the claim to be prejudiced in any way
· Any claim submitted to Us more than 31 days after the date of an Insured Event
· Any claim where Us or the Landlord have failed to adhere to the terms and conditions as stipulated in the Reference
The above list is not exhaustive, please refer to the policy wording for further details
