Tenants

  • An alternative income if you are made redundant or sick or injured.

    That’s what rentplan offers, peace of mind and enough to pay your rent when life goes wrong, keep your home and avoid losing your tenancy.

    Rentplan income protection insurance provides a monthly benefit to enable you to pay the rent and other essential bills and avoid losing your home.

    Rentplan income protection is flexible with no tie in period. You select a  monthly benefit to cover your rent, payable after 30 days, back to day one, tax free.

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

    You pay a monthly premium for this income protection insurance, features are

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

    Benefit from the peace of mind that your rent will be covered and avoid ending a tenancy at a very difficult time. You can chose a longer waiting period.

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

    All types of employment are covered, including  employed,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).

    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 your home suddenly is invaluable and something you will not want to lose.

    How to Protect Your Tenancy

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

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

    Would you want your family to suffer for your misfortunes?

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

    Rent Insurance could help avoid such situations

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

    How can rent insurance benefit me?

    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 you 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 you are unable to provide an income for your family. But going the extra distance to ensure your Rent is covered so that in the event of you being hospital bound or incapacitated due to sickness or accident, your home is safe is well worth considering.

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

    With rent insurance, should you unexpectedly find yourself unable to work, you will be able to quickly and easily receive enough to cover your cost of your rent , enabling you to protect your family’s well being and security and thus creating less of a disturbance to your 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