Rent Protection & Legal Costs Insurance

Policy Features

The main benefits of our Landlords Rent Protection Insurance are:

• Up to £10,000 Indemnity Limit per claim for Legal Costs
• Rent arrears covered up to £2,500 per month
• Rent arrears paid for up to 6 months or until £10,000 indemnity limit is reached
• Appointed specialist solicitors to recover rent arrears
• Professional Legal Advice Helpline
• Pursuing costs of replacing missing or damaged items listed in a dilapidation inventory that exceed £250 in value.
• Rent Arrears paid until expiry of policy, tenancy agreement or vacant possession, which ever happens soonest
• Excess only 1 month rent arrears.
• 6 or 12 Month Policies Available.
• Buy Online 24/7

Please refer to the Rent Protection - Policy Summary (145.62 KB) and Rent Protection - Policy Wording (24.92 KB) for details of the full policy benefits & exclusions along with full terms and conditions prior to making your purchase.

Eligibility

Eligibility for Rent Protection & Legal Costs Insurance

• Each tenant and any guarantor must been referenced in accordance with the policy terms & conditions.
• The tenancy agreement must start no more than 60 days after the tenant reference pass date.
• The tenancy agreement must not have started before the tenant reference pass date.
• Your property is let under an Assured Shorthold, Company Residential (Company Let) or a written Common Law Tenancy Agreement for a fixed term no greater than 24 months.
• Tenancy Agreements greater than 12 months must contain a 12 month break clause.

Referencing Criteria

Tenant Referencing Criteria

Our Rent Protection and Legal Costs Insurance policy has been designed to compliment a tenant reference from Keysafe Tenant Vetting that has been issued with a pass rating. (other tenant referencing companies may be acceptable, for more information please see the FAQs section on this page.

Each tenant and any guarantor named in the tenancy agreement must be successfully referenced. If you haven’t referenced your tenants (or guarantor if applicable) then please see the Tenant Referencing section on this website for further details of the referencing service offered by Keysafe Tenant Vetting.

If a prospective tenant is passed with recommendations i.e. a higher deposit is collected or a guarantor is assigned to the agreement, these recommendations must be complied with to validate cover.

If you require tenant referencing call Keysafe Tenant Vetting on 0871 894 6800 (Quoting ref: KSIS)

Do I have to use Keysafe Tenant Vetting to reference my tenant(s)?

No, we also accept Rent Protection & Legal Costs applications where landlords have obtained the highest level of referencing service by any of the following approved referencing companies:

• Rentchecks.com
• TenantVERIFY
• Rentguard Tenant Referencing
• FLS Referencing & Credit Services
• Experian Plc
• Property Risks
• MARAS
• Letsure Limited
• Homelet

If a prospective tenant is passed by a referencing company with recommendations i.e. a higher deposit is collected or a guarantor is assigned to the agreement, these recommendations must be complied with to validate cover.

Premiums

How much does this Rent Protection & Legal Costs Insurance it cost?

* only available where the tenancy agreement is for a fixed term of 12 months or more.

The premiums quoted above include Insurance Premium Tax (IPT) of 6% which applies to insurance policies instead of VAT. They do not include the cost of tenant referencing for which you are responsible.

Making a claim

How to make a claim

Our aim is to provide an excellent claims service at all times. Subject to your claim form and supporting documentation being submitted to the claims team within 45 days of the insured event, the legal team will take over and attempt to resolve the issues with your tenant(s) or arrange eviction proceedings if necessary.

The insurer will decline any claim where the claim form and supporting documentation has not been returned within 45 days of the dispute / default.

A claim form can be obtained from ARC Legal’s website using the following login details:

Username: lergpolicy
Password: landlords

Click here to go to Arc Legal’s website

Alternatively:

The Insured or his agent should telephone 0844 770 1079. A claim form will be sent out by e-mail, fax or post within 24-hours. The claim form is required to be completed and returned to Arc Legal directly along with supporting documentation within forty five days of the insured event.

FAQs

Frequently Asked Questions

If you have any other questions about Rent Protection and Legal Costs insurance then please call our Landlords Insurance Team on 0118 970 3775 (Lines open 9:00am to 5:00pm, Monday to Friday) or send us a message.