Landlords

  • How often are you affected by unpaid rents and empty properties?

    This rent protection plan is arranged by tenants, they pay a monthly premium and claim a monthly benefit to cover their rent when life goes wrong, that way they keep their home and you keep a tenant and avoid the need for evictions.

    As part of your letting process why not tell tenants about  Rentplan. They can arrange cover online, it takes a few minutes and costs you nothing.

    Tenants will then have the peace of mind that they are protected, if they are made redundant or suffer sickness or injury. To obtain a quote and arrange cover tenants just enter their details below and apply.

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

    Features of this income protection insurance are

    • A monthly benefit for up to 12 months, tax free.
    • Up to £1,500 or 50% of gross monthly income payable
    • Variable excess periods
    • Unemployment only option
    • No lengthy contract

    Why offer rentplan to your tenants?

    Unfortunately, the unexpected can happen at any time and tenants may find themselves the victim of a serious accident or illness, or due to the recession end up being made redundant. If tenants are not prepared, this type of situation can leave their family in turmoil and with uncertainty as to what the future may hold

    You benefit from the peace of mind that rents will be covered and avoid ending a tenancy at a very difficult time.

    Involuntary redundancy is covered after the policy has been in force for more than 120 days.

    All types of employment are covered, including self employed, contract workers, directors or business partners (subject to exclusions).

    Self employed can claim for redundancy if the business fails and claim job seekers allowance (terms and conditions apply).

    Longer waiting periods can be arranged

    Many tenants whether raising a family or not may experience difficult financial times due to unexpected redundancy, accident or illness. It’s at these times that the home suddenly is invaluable and something tenants will not want to lose.

    How to Protect Tenants

    Anyone who is renting a property will want a secure and stable environment in which to live. Tenants know that keeping their home is vital to maintain a happy and well balanced lifestyle. Whatever home tenants have, tenants will have devoted considerable time to making their selection and will know that their choice means tenants are enjoying the very best home they can afford.

    But what if the unforeseeable happened and a tenants lost their job, or were suddenly taken ill or had an accident and needed medical treatment or a hospital stay, rendering them unfit to work? What if this meant their home was no longer affordable at a time when tenants needed it more than ever? Such stressful situations can bring a happy home crashing down on tenants and leave them and their family feeling unsettled and confused.

    Rent Insurance could help avoid such situations

    Being prepared would improve their chances of being able to keep their families routines intact, and one of the best ways of being prepared is by having adequate income protection insurance cover to help give tenants financial security and peace of mind.

    How can rent insurance benefit tenants?

    Most people who become unemployed usually rely on state benefits to top up their household income; however making a claim for these benefits can be confusing, stressful and have a lengthy processing time; on top of this, the amount tenants receive can sometimes vary from time to time making it an unreliable source of income.

    Insurance policies such as sickness, accident and unemployment insurance  could offer financial peace of mind in the eventuality that tenants are unable to provide an income for their family. By going the extra distance to ensure their Rent is covered in the event of tenants being hospital bound or incapacitated due to sickness or accident, their home is safe and this is well worth considering.

    Having insurance in place to cover such eventualities can give tenants the financial peace of mind tenants need. Knowing that rent for their home has been taken care of is an unmatchable feeling.

    With rent insurance, should tenants unexpectedly find themselves unable to work, tenants will be able to quickly and easily receive enough to cover their cost of their rent, enabling them to protect their family’s well being and security and thus creating less of a disturbance to their everyday needs.

    Rentplan is the trading name of Peril & Jeffrey who are Authorised and Regulated by the Financial Services Authority

    Get a quote from Rentplan.co.uk