Rent Protection & Legal Expenses Insurance

More protection for your landlords, less admin for you

Top-image_RPI-page

Protect your landlords from a loss of income by providing comprehensive cover that goes further. Our Rent Protection Insurance doesn’t just protect the landlord's rent for up to 12 months - it reduces admin for lettings agents as we manage the rent recovery and eviction process for you.

Authorised and regulated by the Financial Conduct Authority.
Rent Protection & Legal Expenses Insurance for letting agents and estate agents from Goodlord

WHAT DOES OUR 12-MONTH POLICY COVER?

Rent Protection
Protection if the tenant doesn’t pay their rent.

Rent Recovery
We’ll pursue tenants on your behalf to recover outstanding rent from them.

Eviction of tenants or squatters
Tenants who can’t meet the requirements of their tenancy agreement or squatters who are living in your landlord’s property without their consent will be evicted - and we’ll manage the legal proceedings.

Property damage
Legal cover to pursue tenants for damage to the property of over £1,000.

Legal Expenses
Coverage up to £100,000 of legal expenses as well as legal defence in a criminal prosecution relating to the letting of the property and actions for unlawful discrimination.

Contract disputes
Cost and expenses for a dispute with a party whom you have a direct contractual relationship with.

  Other providers
Excess Nil 2 months Nil Nil
Legal cover £100k £50k £50k £100k
Payment after vacant possession 75% for 2 months 50% for 2 months None None
Claims window (days) 90 37 31 30
Max payout 12 months 4 months 6 months 6 months
Claim process Automated Manual Manual Manual
Property damage cover X X
Contract dispute cover X X X
Auto-renewal X X
Standalone legal cover X
Monthly pricing X

Based on coverage of select alternative providers, accurate as of June 2020

KEY FEATURES

Protect your landlords

 

Offer a competitive policy covering up to £15,000 for a 12-month service. We do the work on your behalf to recover any outstanding rent and make sure you don’t lose out during the process - and, while your landlord’s property is vacant, we’ll pay 75% of rent arrears for two months.

An insurance policy you can trust

 

We partner with DAS Insurance UK to underwrite our insurance policy. DAS has been giving customers legal help for over 40 years, and became one of the pioneers in the United Kingdom for legal expenses cover - meaning you can take confidence in your choice of provider.

Reduce admin

 

Our policy will manage many of the arduous administrative tasks that go into recovering rent, or removing tenants or squatters from your landlord’s property - as well as covering any legal expenses.

Get rewarded for offering more

 

Attract new landlords by standing out from the competition when you offer our comprehensive Rent Protection and Legal Expenses policy as part of your service. And let’s not forget your current customers. Our comprehensive policy and support team ensure your landlords have full peace of mind with up to 12 months of payments covered - improving their experience with you and giving them a reason to return to you, year after year.

Easily monitor the status of your landlords' policies

 

Track the status of each of the policies your landlord takes out in your insurance dashboard on the platform - in real time.

Receive 24/7 expert support

 

The expert team at DAS Insurance UK are at the end of the phone, ready to take your call no matter what time of day, and are all fully trained to provide advice on commercial legal problems within UK and EU law.

If it wasn't for Goodlord we wouldn't be offering insurance services. Goodlord’s made it easy for us. Everything’s on one platform, and the policies offered are second to none.

Alex Chapman - Anthony Lettings

Alex Chapman

The rent protection policy is favourable with Goodlord. The terms of the policy and the fact that you can get 75% of the market rent for two months after vacant possession is huge.

Robert Buckley - Sure Property Group

Robert Buckley

We include the Rent Protection policy in all of our tenancies anyway. The current context is a great opportunity to really demonstrate to landlords why this extra protection is so valuable.

Samuel Fitz-Hugh - Settio

Samuel Fitz-Hugh

Frequently asked questions

This insurance policy is closely aligned with the criteria assessed in Goodlord’s comprehensive tenant referencing service, covering credit, residential history, identification, and income. Read more about the criteria here. 

The claims process through Goodlord is automated with the relevant documents hosted on the platform - saving you time and the hassle of pulling together large amounts of paperwork. If the case includes rent arrears, we’ll also automatically contact any applicable tenants and guarantors to explain and advise on the next steps.

We’ve continued to provide this service throughout Covid-19, with no disruption to new business or renewals. To do this, we enhanced our claims process to include a comprehensive pre-claims service with mediation, financial assessments and support to tenants, landlords and letting agents - all while continuing to provide cover that protects up to 12 months rental payments. Read more here

Yes, if you want to read a sample copy of our rent protection documents or share documents with landlords, access the links below:

Make sure you choose a rent protection insurance policy that's comprehensive enough to provide your landlords with peace of mind - read our blog for more information.

FP31
Oh Goodlord!

Supercharge your systems with Goodlord and slash your admin time, reduce your suppliers, cross compliance off your to-do list...and increase your revenue while you're at it.

There's a reason we're the software agents swear by.

gl-bg_man