Rent Guarantee Insurance (RGI)


Rent Guarantee Insurance (RGI) protects landlords against loss of rent. It’s also known as Legal Expenses & Rent Guarantee Insurance (LERG). Many landlords consider it an essential insurance policy

The insurance policy 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).

Most policies also provide legal expense coverage. For example, if you’re dealing with a tenant that falls into arrears and refuses to vacate, legal expenses to evict the tenant incur, especially if the matter escalates to court and bailiffs are required.

Landlord Rent Guarantee Insurance (RGI) Companies
SupplierPriceDetails
Price
£139.99Inc VAT
details

  • Covers Legal Expenses & Rent Guarantee
  • Options for 6 or 12 months’ cover (£110 is for 12 months cover)
  • Covers up to a maximum of £3,000 per month
  • No excess to pay (option to pay less for a policy subject to excess fees)
More Info
Price
£145Inc VAT
details

  • Covers Legal Expenses & Rent Guarantee
  • Legal costs relating to eviction (up to £25,000)
  • No restriction on tenant type
  • Options for 6 or 12 months’ cover
  • Maximum Rental Amount per month is £10,000
  • No excess to pay
More Info
Price
£139.99Inc VAT
details

  • Covers Legal Expenses & Rent Guarantee
  • Maximum of £25,000 per claim
  • Options for 6 or 12 months’ cover
  • Maximum Rental Amount per month is £3,000
  • No excess to pay (option to pay less for a policy subject to excess fees)
More Info

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 the agents’ website for the most up-to-date information.

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