Goodlord's DRI service has given our landlords loads of protection and made us loads of money.
Not all insurance policies are created equally and, when it comes to protecting your investment, comprehensive and rigorous coverage could mean the difference between regaining your property or defaulting on your buy-to-let mortgage.
Our team at Goodlord understands the importance of protecting your asset and will provide you with outstanding policies to do just that.
Authorised and regulated by the Financial Conduct Authority.
We’ll do all the necessary work on your behalf to recover any outstanding rent and ensure you don’t lose out during the process. We’ll pay 75% of rent arrears for two months whilst your property is vacant.
Our policy covers you for the costs and expenses involved should your property be damaged by a tenant to the value of over £1,000. We'll provide you with legal advice and civil dispute support should you need it.
We can provide legal defence of any criminal prosecutions relating to the letting of your property, such as actions for unlawful discrimination.
Once you’ve evicted your tenant, we’ll also cover 75% of the monthly rent paid for up to two months should the property remain vacant, giving you time to make any repairs if needed without losing out financially on rent.
Should you need help to repossess your property from a tenant, our policy will give you with the legal support to regain your investment. We can also help with eviction of squatters.
No. You must provide tenants with a traditional deposit scheme as standard. The Deposit Replacement scheme can only be offered as an alternative to a traditional deposit scheme, not in place of.
If the claim is undisputed then the claim will be paid out within 30 days. If it is disputed by the tenant then it will be referred to our independent claims specialists, Hamilton Fraser, who will manage the resolution process.
The claim will be handed over to our independent claims specialists, Hamilton Fraser, who will work with you, the landlord and the tenant to find a resolution. If no resolution can be found then they will independently adjudicate the case and provide a decision on the outcome.
As per a traditional deposit scheme, rent arrears, cleaning, dilapidation and any other loss caused by the breach of the tenancy agreement are covered under the Deposit Replacement Insurance.
As the agent will be taking out the policy, the insurance policy will be in the agent’s name.
If the claim is undisputed then we will payout within 30 days but if there is a dispute, payout is dependent on the outcome of the adjudication.
You have the option between an 8 or 12 week policy to provide to your landlords.
Our policy has nil excess as standard.