Support0333 0146 683

Landlord rent guarantee insurance

Quick, easy and specific. Compare and buy today.

Compare quotes from leading brands

nig logo.
chiswell logo.
ageas logo.
ukGeneral logo.
hiscox logo.
axa logo.
zurich logo.
aig logo.
covea logo.
churchill logo.
finsbury logo.
checklist logo.

Trusted by 500,000 customers

Insuring businesses and landlords for over a decade

conversation logo.

Satisfaction score of 9/10

For public liability insurance

team logo.

Award-winning claims team

With a UK-based team available 24/7

Rent protection insurance for landlords

Rent guarantee insurance (also called tenant default insurance) can step in to cover your rental income if your tenants stop paying their rent.

With thousands of tenants going into arrears each year, rent insurance can provide landlords with peace of mind and valuable back-up.

Rent guarantee insurance from Simply Business

As long as you’ve performed all the necessary credit and background checks on your tenants, our landlord rent insurance can cover your monthly rent up to a maximum of £2,500 a month for up to eight months, once the tenants haven’t paid for at least two months.

Landlord rent guarantee insurance from Simply Business also comes with legal expenses insurance, which can cover legal fees up to £50,000 if you go to court to repossess your rental property or pursue unpaid rent, for example. To add rent guarantee insurance to your landlord policy, choose tenant default when you’re selecting your covers.

Start your quote

alternative accommodation

What is rent guarantee insurance?

Rent guarantee insurance is another name for tenant default insurance, which can cover your rental income for a certain period if your tenants fail to pay their rent.

These are some of the key details:

  • The maximum rental amount paid per month is £2,500
  • Rent can be covered for up to eight months
  • The excess (your contribution to the claim) is one month of rent, usually covered by your tenant’s deposit
  • £50,000 of legal expenses insurance is also included

For rent guarantee insurance to be paid, these conditions must be met:

  • Tenants must have passed background and credit checks
  • Tenants must have failed to pay rent for at least two months
  • You must have filed the correct paperwork to demand the rent
  • You must have begun legal proceedings against your tenant
  • You must notify us as soon as possible, as the excess period only starts from the moment of notification

Bear in mind that your rent won’t be covered in other circumstances, for example if you’re not receiving rental income because you have a gap between tenants, or because your property is undergoing renovations.

loss of money

How much does rent guarantee insurance cost?

The cost of rent guarantee insurance will vary depending on the particulars of your policy. To get an exact price, run through our quick online quote form and choose tenant default insurance when selecting your covers.

why simply business

Why Simply Business?

  • We're the UK’s biggest business insurance provider
  • 9/10 ratings say we’re good (or excellent)
  • 500,000 customers (and counting)
  • Claims handled by an award-winning team
  • Quote comparisons available from multiple insurers
  • We run things from an expert, UK-based contact centre

Rated 4.6/5 by customers

feefo logo.

Our score is based on the reviews we’ve collected on Feefo, the independent customer research specialist.

Read our reviews

It is a very good and easy to use service. I've been a customer for several years and the renewal system is very straight forward. I've always found the quotes competitive too. I'd definitely recommend Simply Business.

R Matthews, Handyman

Landlord rent guarantee insurance

Keep up to date with Simply Business. Subscribe to our monthly newsletter and follow us on social media.

Subscribe to our newsletter

© Copyright 2019 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.