Renting out a property comes with risks, including tenants who fail to pay rent. Rent protection insurance (also known as rent guarantee insurance) ensures landlords continue receiving rental income, even if tenants default.
Rent protection insurance is a policy that covers lost rental income when a tenant:
Most policies also include legal expense cover, helping landlords reclaim unpaid rent or remove problem tenants.
| Coverage | Details |
|---|---|
| Unpaid Rent | Covers lost rental income for up to 12 months. |
| Legal Costs | Pays for eviction proceedings if necessary. |
| Tenant Default | Covers unpaid rent if the tenant leaves unexpectedly. |
| Vacant Periods | Some policies cover rental loss while finding a new tenant. |
The cost depends on:
Typical policies range from 2-5% of annual rent but provide significant protection.
At Fraser Bond, we assist landlords in:
Rent protection insurance is essential for landlords who want to secure their income against unpaid rent and legal disputes. If you're a landlord looking for expert advice on rent protection, contact Fraser Bond today for tailored solutions.
