Protect your rental investment with affordable, competitive cover for legal expenses and rental compensation
As any experienced landlord will tell you, even if a tenant has good references, things can occasionally go wrong. Should the worst happen, our insurance with PropertyRisks provides peace of mind by covering your legal expenses and regaining possession of the property.
Why do you need protection?
If your tenant suffers redundancy, divorce, separation or ill-health, it may no longer be possible to comply with the terms of the Tenancy Agreement:-
- The tenant may be unable or unwilling to pay the rent
- The tenant may not move out at the end of the tenancy
- There may be delays in regaining possession of your property
- Disputes between yourself and the tenant may arise
Remove your risk with PropertyRisk
It can take up to three months or more to regain possession of your property, during which time the tenant may not be paying any rent. But with an affordable monthly payment, you can ensure the costs are covered with PropertyRisks insurance.
Legal Expenses Insurance
- Access to specialist legal advice 24 hours a day, 7 days a week
- Cover for legal costs incurred up to £50,000 – in action against tenant OR guarantor
Cover is arranged under a group policy through PropertyRisks, administered by Arc Legal Assistance and underwritten by Inter Partner Assistance who is a wholly owned subsidiary of AXA Assistance SA and part of the worldwide AXA Group. In addition ludlowthompson will provide Rent Warranty as detailed below.
Rent Warranty
- Compensation for unpaid rent to a max of £2,000 per month, and max £10,000 ( up to 6 months )
Key Facts about Landlords Legal Expense Insurance (PDF)
Full terms and conditions and price available on request
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