Guarantee rental income and protect against legal costs associated with eviction
Diversify offering and generate new stream of income for your agency
Industry leading insurance provided in partnership by FCA approved underwriters
The Rent Guarantee scheme complimenting the Referencing is great and a very simple process to setup and administer. I would highly recommend RentProfile to any agent who is looking for a speedy reliable and professional service.
Residential Lettings Manager
Rent Guarantee cover helps to ensure that you will still receive your rental income should your tenants miss their rental payments and/or there are additional costs associated with legal expenses and eviction.
Policy per tenancy. Legal advice helpline and up to £100k legal expenses are included in the policy.
- Maximum monthly rental income of £2500
- 12 month policy. Maximum claim for 15 months rental income
- No excess
New to RentProfile or an existing client?
Please email oc.eliforptner@troppus or call 0203 905 1118 to be setup
Easy and quick setup
Telephone and email support via insurance partner
A RentProfile Tenant or Guarantor report rated at ‘Low’ or ‘Medium-Low’ risk meeting the following criteria:
No CCJs in the past 5 years (including settled within the past 5 years)
A RentProfile identity check
An employer’s reference confirming that the tenant is in current and permanent employment and that their income is sufficient to pay the rent after the deduction of normal living costs or is at least two and a half times the monthly rent. If the applicant is Self-Employed an accountant’s reference or contract verification which demonstrates earnings meeting RentProfile affordability pass score. For Guarantors we require that they are based in the UK, in current and permanent employment and their income is at least three times the month's rent.
The property must not be a commercial property or HMO.
Tenants must not already be in arrears when purchasing this product.
As a Letting Agent under FCA rules you are not allowed to sell, arrange or promote insurance to your clients (as you are not regulated to do so). You can however take out a policy in your name that your landlords can benefit from. This enables you to offer a management service that includes rent and legal protection. The policy must be in your name as the Letting Agent, you must pay the premium, but either you or the property owner can make a claim against the policy.
Rentprofile Group Ltd is an introducer appointed representative (804048) of Alan Boswell Insurance Brokers Ltd, which is authorised and regulated by the Financial Conduct Authority.
