Rent & Legal Protection
Updated this week

What is Rent and Legal Protection?

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 Protection Insurance which protects the landlord’s rent for up to 15 months.

How do I get a quote for Rent & Legal Protection?

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, fill in the sign-up form here.

What is covered under Rent & Legal Protection?

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The Alan Boswell Legal Expenses and Rent Guarantee Insurance is backed by industry heavyweight, Aviva, and includes:

  • Rent Protection
    15 months’ loss of rent cover.

  • Property Damage Cover
    Dealing with disputes over damage to your property.

  • Vacant Possession Cover
    75% of income for a maximum of 3 months following the eviction of a tenant.

  • Legal Expenses
    Up to £100,000 (including eviction costs).

  • 24/7 Support
    For agents and landlords via legal advice helpline.

The benefits of using Alan Boswell Group:

  • Free account

  • Simple to use online portal

  • Trusted name: We insure over 100,000 properties in the UK

  • Exclusive Rent Guarantee product is underwritten by Aviva

  • Dedicated account managers

You can also view the Alan Boswell Group's landlord advice hub for useful information to help you as a landlord/ property owner to find the advice and products needed.

What is the acceptance criteria for my renters?

RentPassport
Your renter(s) must complete a full comprehensive report. For guarantors, we can accept an essential screening or comprehensive screening.

Affordability
Your renter needs to be earning at least 2 and a half times the monthly rental amount. This can be made up of working income, Benefits and pensions or a combination of the 3. Employment contract length minimum 12 months remaining.

Credit check
A credit check clear of CCJS/Bankruptcies or IVAs – Renters or guarantors need to be clear of IVAs, CCJS and bankruptcies for at least 3 years.

Proof of identification
We need 2 forms of ID to confirm the tenants are who they say they are and this needs to include 1 photo. So we usually suggest a passport or driving licence along with a utility bill of some sorts. A verified Canopy Credit Check will count as 1 form of ID.

A suitable guarantor will also be accepted for someone who is 'High risk' or 'Accept with 'Considerations' and does not have to be a homeowner.

For anything that sits outside of 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.

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