Landlord Products / ServicesRent Guarantee Insurance (RGI) provides landlords with rent protection. It’s also known as Legal Expenses & Rent Guarantee Insurance (LERG). Many landlords consider it an essential insurance policy.
It is most commonly relied upon when tenants fall into arrears and are unable to pay rent, or simply refuse to pay rent (for whatever reason). If that happens, you can reclaim the money through the insurance company (or at least a percentage of it, depending on the terms of your policy).
| Supplier | Rating | Term | Details | Price from | |
|---|---|---|---|---|---|
Supplier | Rating Google Reviews | Term 12 months | DetailsIncluded
Requirements*Each named tenant must have passed OpenRent’s Comprehensive referencing within the last three months. This should be done before applying for RGI. You can order an OpenRent Comprehensive Reference online for £30. If the referencing passes, you can go onto purchasing the RGI policy online. | PriceNo excess fees£299Inc IPT | More details *Order OpenRent’s Comprehensive referencing first if required. |
Supplier | Rating TrustPilot Reviews | Term 12 months | DetailsIncluded
** Rental payments until vacant possession, except where the tenant provides a valid defence to the eviction in which case payments are capped at 12 months. RequirementsEach named tenant must have successfully passed a LegalforLandlords Smart or Complete reference check, or an approved full reference from an alternative provider, prior to the Rent Guarantee Insurance application being submitted. | PriceNo excess fees£319Inc IPT | More details |
Please note, I try my best to keep the information of each service up-to-date, but you should read the T&C's from their website for the most up-to-date and accurate information.
For more information, here’s a complete guide on Rent Guarantee Insurance.
