Landlord Products / ServicesRent 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.
| 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 £20. If the referencing passes, you can go onto purchasing the RGI policy online. | PriceNo excess fees£199Inc IPT | More details *Order OpenRent’s Comprehensive referencing first if required. |
Supplier | Rating TrustPilot Reviews | Term 12 months | DetailsIncluded
** Indefinite 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 passed a LegalforLandlords Smart or Complete or an approved full reference from another supplier. This should be done before applying for RGI. | PriceNo excess fees£239Inc 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.
