Loss of Rent Insurance

What is Loss of Rent Insurance?

Renting out a property that you own can be lucrative business, as long as the cash flow is consistent without any hiccups. Payments can be stopped if the premises becomes uninhabitable, forcing a tenant to leave until the building is safe. During this time, you may lose much relied on rent payments which could have been secure under a loss of rent insurance policy.

What does Loss of Rent Insurance cover?

This product covers the loss of rent you have suffered after an insured event damages your building (such as a fire or bad weather), subsequently forcing the tenants to find alternative accommodation. You may look to take out additional cover for alternative accommodation insurance, covering the fees to temporally place your tenants at another location. Please bear in mind that loss of rent cover will not simply protect tenants default payments simply because a tenant decides that they are no longer going to pay. Further cover for rent guarantee insurance can be taken out in this instance.

Get cover for Loss of Rent Insurance

Landlords across Greater Manchester place their property insurance with us because we have over 28 years of experience in the industry. We have an abundance of knowledge to help property owners, making sure your investment is defended against unexpected surprises. Our team is extremely professional; they know how important your rent payments are and how to protect what belongs to you.