What is Rent Guarantee & Legal Expenses?
Rent guarantee insurance protects landlords against loss of rental income should renters be unable to pay their rent. In addition, our policy includes legal expenses which will cover the legal costs of regaining possession of your property, section notices, evictions, and professional legal advice, up to £100,000.
We’ve teamed up with Alan Boswell Group (ABG) to provide Rent Guarantee & Legal Expenses Insurance which protects the landlord’s rent for up to 15 months.
How do I get a quote for Rent Guarantee & Legal Expenses?
Canopy and Alan Boswell Group (ABG) have teamed up to provide one of the market’s leading rent guarantee products for letting agents.
In order to access your free ABG account and purchase immediately, book in a call to register here.
What is covered under Rent Guarantee & Legal Expenses?
The Alan Boswell Rent Guarantee & Legal Expenses Insurance is backed by industry heavyweight, Aviva, and includes:
Rent Guarantee
15 months’ loss of rent cover.Legal Expenses
Up to £100,000 (including eviction costs).Vacant Possession Cover
75% of income for a maximum of 3 months following the eviction of a tenant.No Excess
You or your landlord do not pay any excess on claims24/7 Support
For agents and landlords via legal advice helpline.
For more information, reach out to our sales team at [email protected].
What is the acceptance criteria for my renters?
Identity Verification: Two forms of identification are required, with at least one being a photographic ID.
Affordability Requirement: The applicant must demonstrate an affordability of at least 2.5x the gross monthly rent (or 3x for a guarantor).
Credit Check: A credit check must be completed showing no settled or outstanding CCJs, IVAs or bankruptcies within the last 3 years.
* Limitations and Exclusions may apply, please contact Alan Boswell Group for more information
The full purchase criteria and your responsibilities are outlined here, please ensure you read these before purchasing a policy.
A suitable guarantor will also be accepted for someone who is not eligible and they do not have to be a homeowner.
For anything that sits outside these rules, or if you are unsure if someone qualifies, please contact Alan Boswell Group for advice.
What countries are covered?
Our policies cover properties in:
England
Wales
Scotland
You can find the policy download here including the policy wording and policy summary.
This product is provided by Alan Boswell Insurance Brokers Limited, who are authorised and regulated by the Financial Conduct Authority (301081). InsureStreet Limited (trading as 'Canopy') is an Introducer Appointed Representative of Alan Boswell Insurance Brokers Limited and may receive a commission from them for introducing you.
The information provided on this site is for guidance purposes only and should not be regarded as a substitute for taking financial advice. You should consult your professional adviser if you require financial advice. We try to ensure that the information on this site is correct, but we do not give any express or implied warranty as to its accuracy. We do not accept liability for any error or omission.