Advanced Rent’s guarantee insurance offers protection for property owners and landlords against the risk of tenants not paying their rent. The insurance covers up to £8,333 per month, per tenant, until legal vacant possession is granted. This offers property owners and landlords protection against lost income from tenants who can’t or won’t pay their rent, and can safeguard landlords from falling into arrears themselves because of lost income.
Advanced Rent also covers up to £50,000 in legal expenses for a period of 12 months, with no excess required, and covers the costs of issuing tenants with notice, so landlords and property managers don’t need to spend thousands of pounds getting a court order.
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