![\"Benham](\"https:\/\/www.benhams.com\/news\/wp-content\/uploads\/2013\/03\/brlets-mug-pic-e1366625139707.jpg\")
<\/a>\nAssuming you can\u2019t afford not to receive your rental payments, what plans do you have in place to cover this eventuality? The obvious solution to the problem is rent guarantee insurance but surprisingly few landlords choose this option.<\/p>\n
Rent guarantee insurance does exactly what you\u2019d expect. It protects you, the landlord, against non-payment of rent by your tenant, for whatever reason.<\/p>\n
Free Rent Guarantee Insurance<\/h2>\n
Many landlords fail to take out insurance in order to save money – the annual premium can work out at around \u00a3200 per year. That\u2019s why we now offer rent guarantee insurance on most properties, completely free of charge \u2013 it\u2019s included in our package of services for landlords.<\/strong><\/p>\n The insurance covers landlords for rent arrears of up to \u00a325k over the course of a year. Subject to the insurers approval of a claim, it will also cover free legal advice and the costs incurred in regaining possession of the property.<\/p>\n Of course, you can minimise the risk of rent arrears<\/a>. Use a professional, experienced lettings agent<\/a>, one that is a member of ARLA<\/strong>, The Property Ombudsman<\/strong> for Lettings and The Dispute Service<\/strong> (which operates the Tenancy Deposit Scheme<\/em>). And make sure your lettings agent fully references your tenant to minimise the risk of the tenant defaulting and has good credit control procedures in place.<\/p>\n But if the worst happens, rent guarantee insurance will give you real peace of mind that rent arrears won\u2019t cause you serious financial hardship.<\/p>\n","protected":false},"excerpt":{"rendered":" Life can have a habit of throwing the unexpected at you \u2013 and your tenant. However carefully and fully your tenant is referenced, it\u2019s impossible to completely safeguard against the risk of them being made redundant and suddenly unable to pay the rent, especially in the current economic climate.<\/p>\n","protected":false},"author":5,"featured_media":354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[443],"tags":[38,39],"class_list":["post-353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-landlords","tag-rent-arrears","tag-rent-guarantee-insurance"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/posts\/353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/comments?post=353"}],"version-history":[{"count":31,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/posts\/353\/revisions"}],"predecessor-version":[{"id":23006,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/posts\/353\/revisions\/23006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/media\/354"}],"wp:attachment":[{"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/media?parent=353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/categories?post=353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benhams.com\/news\/wp-json\/wp\/v2\/tags?post=353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Minimising the Risk of Rent Arrears<\/h2>\n