Rent Protection and Legal Expenses Service – Piece of Mind for those rainy days
WHAT IS A RENT PROTECTION AND LEGAL EXPENSES SERVICE?
A Rent Protection and Legal Expenses Service does exactly what it says on the tin – it protects the income (rent) of a property that has been let to a tenant.
Rent arrears can be disastrous when you rely on this income to pay a buy-to-let mortgage. We’ll often settle a dispute in rent arrears or damage to a property outside of the legal system and, by taking out our service, we handle the time-consuming task of making a settlement. With our service, you’ll always get the income you expect and, if you need legal representation to recover it, Capital Letters can take care of it on your behalf.
NIL EXCESS
Rent Protection and Legal Expenses Insurance
policies from Goodlord come with nil excess
as standard, so you’ll benefit from 100% of the
monthly rent owed until vacant possession is
obtained, should you need to make a claim.
UP TO £100,000 LEGAL
EXPENSES
We’ll cover the costs and expenses of legal
proceedings, including the cost of appeals,
and also provide legal representation from
one of our trusted partners. We’ll appoint a
legal representative for the duration of the
proceedings and support throughout the
process.
RENT PROTECTION
AND RECOVERY
We’ll pay rent arrears whilst a tenant or
ex-tenant still occupies the property until
vacant possession is obtained. After which,
we’ll continue to pay 75% of the rent until
the property is re-lent for a maximum of two
months. We’ll also cover the costs and expenses
of recovering rent from a tenant or ex-tenant,
if the rent has been overdue for at least one
month.
PROPERTY DAMAGE LEGAL
EXPENSES
Should a property sustain physical damage of
£1,000 or more during the tenancy caused by the
tenant, we’ll cover the expenses for pursuit of
a civil dispute against the tenant, to rectify the
damage.
EVICTION OF TENANTS
OR SQUATTERS
If there are squatters or ex-tenants in the
property without your consent, our service will
assist with the costs of eviction.
STANDALONE LEGAL
EXPENSES
You can claim for legal expenses to evict a tenant,
for mandatory breaches that require the pursuit of
a civil dispute.
CONTRACT DISPUTE PROTECTION
Our service will cover against costs and expenses
relating to the dispute of a contract, entered into
for the buying or hiring of any goods and services
relating to your property, providing the amount
in dispute is over £100 and the agreement was
entered into during the period of service.
90-DAY CLAIM WINDOW
We offer a 90-day claim window, providing plenty
of time to organise a claim from the date of the
first rental payment missed by a tenant, with
nil excess in the first 45 days and a one month
excess for the remaining. Our claims process is
really simple and all communications to you are
sent automatically, when a claim is submitted.
WHAT’S THE DIFFERENCE BETWEEN OUR SERVICE AND OTHERS AVAILABLE ON THE MARKET?
Our Rent Protection and Legal Expenses Service is nil excess as standard, and covers eviction of tenants or squatters legal proceedings, property damage legal expenses, contract disputes, and legal defence, should you need it. You can see full details of our comprehensive cover in the graphic:
REQUEST A QUOTE
Please complete the form below and one of our team will be in touich.