Protection Against Tenant Default?

A landlord needs to protect his rental property as he is away from the building and can’t visit them frequently, so he needs protection of his buy to let property insurance from any damages or untoward events. In claiming back rent from a problematic tenant and eviction of tenant, you may loose out your hard earned money in running a legal case against him, those eviction charges and solicitor’s fee. Get assured protection against tenant default, such that your lease agreements have an assured income.

Your tenant has lost a job and is unable to pay you rent, in this situation you could have quite a long period without rent.

If you are heavily mortgaged this is likely to put you under extreme financial pressure. There can be void periods faced, if your rental property is damaged due to some mishap such as fire, flood, explosion etc. There fore, you can protect your rental income even in this situation.

Rent building insurance – offers you peace of mind!

Avoid not only money from being spent but also consider the stress and valuable time which would other wise get wasted in eviction of your tenant. In case you take assistance of companies to claim back your lost rent, it will be expensive, as you need to pay them 5% of your rental income.