Loss of Rent Cover
What does loss of rent cover do?
As a Landlord you need to protection for your income as well as your property.
Loss of rent cover protects you and your income in the event that your tenants have to move out after an insured event such as a flood or fire.
Loss of rent cover can protect your loss of income and the additional costs of arranging alternative accommodation on your tenants' behalf.
Why do I need loss of rent cover?
In some cases landlords are contractually obliged to provide alternative accommodation for the tenants so you could face the cost of rehousing your tenants if your property becomes uninhabitable.
Demands for your mortgage payments don't stop when your income does. So if you're a buy-to-let landlord with a mortgage to think about, it's important that you find landlord insurance that can help you through periods of loss of rent and spare you the agony of losing the property altogether.
Also some Mortgage lenders require rent loss insurance on any rental properties they've financed. So it's worth checking the details of your buy-to-let mortgage to ensure you have levels of cover you need.
When should I claim?
In the event of an insurable incident, for example fire or flood where your tenants can no longer stay in the property.
Keep in Mind
- Online policy is underwritten by RSA Insurance Group PLC.
- Insurance covers are subject to the individual terms, conditions and exclusions of the insurer providing them. Always review the policy documentation supplied during the quote process to ensure you have the cover you need.