More about the insurance cover that Rentplan offer

  • Getting a quote will redirect you to the British Insurance website. Rentplan cannot be held responsible for the content of the external website.

    The aim is to protect the tenancy of the tenant by providing an alternative income.

    However this income payment protection insurance does not only cover rent. You can also use the benefit to pay utility, council tax and other bills and even your monthly food costs.

    There are three cover options the tenant can select

    • Unemployment only
    • Accident and Sickness only
    • Unemployment, Accident and Sickness insurance

    Unemployment cover will give protection in case of redundancy or other involuntary unemployment, as well as having to quit your job to become a full time carer for a member of your immediate family.

    Accident and Sickness covers you  for not being able to work due an accident or illness.

    Most people will choose Unemployment, Accident and Sickness cover.

    There are variable excesses: 0, 30, 60, 90 or 180 days

    You can claim after 30 days off.

    If you have a Zero excess you can claim back to day one.

    The excess period is the period after which eligibility for the monthly benefit will start if your claim is accepted. If you have a 30 day excess period  this means you have to be off for 30 days before you are eligible and wait a further 30 days before you receive your first payment.

    Zero excess is also called ‘Back to day one; although you have to wait 30 days before you are eligible you will then be paid back to the first day you were off work.

    The monthly benefit is up to £1,500 or 50% of your gross income, whichever is less

    Think about the outgoings you have each month that you cannot avoid. The benefit paid does not attract income tax, which is why there is no need to cover your full income.

    Cover period: maximum 12 months

    This is a short term payment protection insurance cover for up to a maximum of 12 months.

    There is an initial exclusion period of 120 days for involuntary redundancy and unemployment cover, which may be waived if you are transferring cover from another provider.

    Make sure the cover basis is the same, you have held your insurance for at least three months and there is no gap in cover.

    The cover we offer is provided by British Insurance who work with a number of insurers

    The insurer you receive a quote from depends on your age and the cover you have selected. Full documentation and eligibility criteria are available during the application process. Please read it carefully.

    Get a quote from Rentplan.co.uk