Rent guarantee insurance
Add landlords' legal protection and rent guarantee cover to your landlords' insurance and we'll cover your expenses for recovering rental arrears, repossessing a property after an eviction and much more.
Landlords' legal protection and rent guarantee insurance
What is landlords' rent guarantee insurance?
You can add Superscript's rent guarantee insurance to your residential landlord insurance policy for just £9.95, per property, per month.
Landlords' legal protection and rent guarantee insurance offers you enhanced protection to cover rental arrears and legal costs of up to £50,000 for a variety of scenarios, including:
- Your tenant or ex-tenant stops paying their rent
- You are in a contract dispute related to your property
- Your rental income tax return is audited by HMRC
- You are prosecuted in relation to letting out your property
- You need to repossess your property
- You need to evict squatters
Be quote confident
We're big on fairness. So if you find a lower price for a comparable quote, we won't just match it – we'll go one better and beat it.
So even better than apples to apples, apples to better apples. We're talking Galas to Braeburns.
As you'd expect, T&Cs apply.
What's included legal protection and rent guarantee cover?
Superscript's rent guarantee cover includes more than just rental arrears. There's a whole host of useful covers included to protect you and your property, including cover for legal defense, contract disputes and more, up to a limit of £50,000 in each instance. Here are the core covers that are included in the policy:
Covers the costs and expenses of re-obtaining possession of your property up to a maximum indemnity of £50,000.
Property damage when pursuing a civil dispute
Covers the costs of pursuing a civil case against your tenants (or ex-tenants) after damage occurred at your property.
Eviction of tenants/squatters
Covers the costs and expenses to evict anyone who is not your tenant or ex-tenant from your property and who does not have permission to be there.
Covers your costs and expenses to recover rent owed to you by your tenant for the lease of your property in the event that they do not pay.
Rent arrears / rent guarantee
Covers rent arrears while your tenant or ex-tenant still occupies your property up to a maximum of 12 months or £50,000.
Legal defense cover
Covers the costs of defending your legal rights if an event arising from letting your property leads to you being prosecuted in a criminal court.
Tax protection cover
Covers your costs and expenses in the event of a comprehensive examination of your self-assessment tax return by HM Revenue & Customs.
Contract disputes cover
Covers your costs and expenses for a contract dispute over an agreement you have entered into for buying or hiring any goods or services in relation to your property.
Once you've completed a quote, you'll be able to view a summary of cover. Please always refer to your policy documents for full details around exclusions, terms and limits of your customised cover.
Add rent guarantee to your residential landlord insurance
Cover that is specifically designed for private landlords with either one home, or a portfolio of residential properties with tenants in occupation (up to 10 properties).
Rent guarantee cover T&Cs
As with all policies, there are certain T&Cs attached to our landlords' legal protection and rent guarantee cover and we think it's best to be transparent so that you can see and understand the limitations and exclusions before deciding whether to purchase your policy.
- If the tenancy agreement started before your insurance, your policy won’t cover disagreements in the first 90 days (unless you already had an equivalent policy immediately before the start date of this one)
You must obtain references for each tenant (and guarantor) from a referencing service before the tenancy starts, including:
- A previous managing agent or landlord
- An employer (or any other financial source)
- A credit-history check
- A detailed inventory of the contents and condition of your property
- For civil cases, the prospects that you will recover losses or damages, or make a successful defence, must be at least 51%
- Contract disputes involving any investment or borrowing, your tenancy agreement or construction work/designing/converting/extending (valued over £5,000) are excluded
How do insurance claims work?
You make a claim
Log in to your online account and go to the ‘Make a claim’ section. There, you can make a claim directly – there's no need to call us.
We'll ask you for some details about your claim, including a crime reference number (if applicable), the date of loss, type of claim and its detailed description.
You can also attach any relevant supporting documentation like proof of loss or proof of purchase.
We'll get on the case
Once submitted, your claim will be assessed.
If the claim is large, we may need more information from you. Or, if it's small, our team may be able to settle it within a couple of days (or hours, in some cases).
Either way, we'll keep you regularly updated and you'll be able to see the status of your claim on our customer portal.
Your claim is settled
After it's been assessed, we'll let you know if your claim has been successful or not.
If items have been lost, stolen or damaged, we might arrange for the items to be replaced or make a payment to you.
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Landlords' rent guarantee insurance FAQs
Can I get rent guarantee insurance for commercial properties?
Superscript's rent guarantee and legal expenses insurance is limited to landlords with one or more residential properties and is not available to commercial landlords.
How much does landlords' legal protection and rent guarantee insurance and legal expenses insurance cost?
Superscript's rent guarantee and legal expenses insurance costs £9.95 a month, per property, including Insurance Premium Tax (IPT).
Do I have to get rent guarantee insurance?
Rent guarantee insurance is not complusory and is an optional additional cover as part of your residential landlord insurance. Without rent guarantee and legal expenses insurance, however, you will not be covered for:
- Legal expenses for re-obtaining possession of your property and evicting tenants or pursuing civil action against a tenant for damage to your property
- Rental arrears that you are due with a tenant or ex-tenant still occupying your property but not paying rent
- Costs associated with your self-assessment tax return being audited by HMRC
- Costs associated with settling a contract dispute
- Mounting a legal defense if an event arising from letting your property leads to you being prosecuted in a criminal court
Under our standard residential landlord insurance, you can claim up to £15,000 to cover the expenses of evicting squatters from your property, however with rent guarantee insurance, that limit increases to £50,000.
What's the difference between rent guarantee insurance and rental income cover?
Superscript offers two optional covers called 'rental income cover' and 'rent guarantee insurance' as part of our residential landlords insurance product.
Rental income can pay you the income you would have received in rent if your property is damaged and becomes uninhabitable by a tenant for up to 24 months.
Rent guarantee, meanwhile, pays you the rent you are due in the event that your tenant or ex-tenant still occupies your property but does not pay their rent.
Can I add landlords' legal protection and rent guarantee insurance for multiple properties?
Yes, if you are insuring multiple properties in one policy and choose to add landlords' legal protection and rent guarantee insurance to you policy, then it will apply to all the properties in your portfolio.
You are not able to choose to add this additional cover to some, but not all, of your properties.
What if I need to change or cancel my policy?
You can change or cancel your policy, without any fees or penalties, with 30 days' notice.
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