<Landlord Insurance

*Terms and conditions apply. Enro Ltd t/a Superscript is authorised and regulated by the Financial Conduct Authority.  FRN 656459.

Rent guarantee insurance covers any lost rent if your tenants don’t pay.

It also offers options to do more than just that - it can cover the cost of taking a defaulting tenant to court, repossessing a property and even the cost of evicting squatters.

If you rely on your rental income to pay your mortgage, then getting insurance to cover the monthly rental payment from your tenants is worth considering.

Non-payment of rent can happen to any landlord, no matter how careful you are when choosing who lives in your property. It can even happen if you use a lettings agent – although some agents offer this cover as an added benefit.

Tenants failing to pay their rent is often more of a risk when the economy is stretched, and money is tight. If your tenants fall on hard times, they might suddenly be unable to pay their rent.

If you’re a landlord, rent guarantee insurance is a way of protecting yourself. It helps you avoid serious financial challenges due to non-paying tenants and gives you peace of mind that you won’t default on your mortgage - be that a buy-to-let or standard mortgage.

The price depends on the specific policy you choose, but remember the cost of rent guarantee insurance is tax-deductible against your rental income.

Superscript's rent guarantee insurance is charged at a flat rate of £9.95, per property, per month, regardless of property type, tenant type and monthly rent.

Remember to check whether you’ll need to pay an excess if you make a successful claim.

How do I choose the right rent guarantee insurance?

When it comes to finding the best rent protection insurance for you, there are a few things to look for:

The excess

--A higher excess normally means a lower premium. But you'll have to pay more yourself if you do make a claim.--

Any exclusions

--Make sure the policy you choose covers your circumstances - if not you might not get a payout.--

How much you can claim

--Make sure the maximum payout will be enough to cover your needs.--

Whether it covers your type of tenants

--Some types of tenant are excluded from some policies, for example students and houses in multiple occupation (HMOs) are frequently not covered.--

The price

--Insurance is a valuable tool, but make sure you're not paying over the odds for protection.--

What other insurance do landlords need?

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About the author

Joe Phelan profileJoe Phelan
Joe joined the money.co.uk team in 2024, where he helps small business owners navigate the often confusing world of business finance. His role is to cut through the jargon and create clear, actionable content that empowers entrepreneurs to make confident financial decisions.