What does our Rent Guarantee Insurance Policy cover?

Missed rental payments

You could receive cover for rental payments for up to 6 months (there is an excess on this policy of up to 2 month's rent)

Continued cover when vacant possession is obtained

50% of the rent is covered for up to three months after vacant possession is obtained, whilst you're trying to find new tenants

Expert support when you need it most

If an insured event occurs, our Homelet insurers in-house Legal and Claims team will deal with the legal process for you

Cover for Legal & Claim costs included as standard

Legal expenses covered within the maximum limit of indemnity of £50,000

Head of lettings Aimee Bruce discusses Rent Guarantee Insurance

...and why you may need it.


2021 PRS Arrears


Cost to evict £>


Free for all tenancies (months)


Ongoing cost of insurance (£ inc VAT)

  • Cover for the total monthly rent, no matter how many tenants are on the tenancy agreement
  • The cover will provide up to four monthly payments following a two-month excess*, which includes two months at 50% following Vacant Possession (where applicable)
  • egal expenses up to £50,000 to cover eviction costs if the tenant is in breach of their tenancy agreement
  • Covers breaches of the tenancy agreement by the tenant, including non-payment of rent and expired section 21 notices
  • 12 months of cover
  • Rent Recovery Plus covers the whole property meaning the policy continues even when/if the tenants change
  • Excess equivalent to two month’s rent

*A maximum of six months, with a two-month excess to pay.


As our landlord, you can have your interest noted in our Northfields Rent Recovery Plus policy (which is backed by HomeLet. You don’t have any rights under the policy, but if your tenant does fall into arrears and your agent makes a successful claim under the policy, any sums recovered that are due will be passed to you.

  • HomeLet will write to you directly to confirm your interest in this once a policy has been arranged.
  • HomeLet’s average time from issue of claim to eviction is 136 days, compared to a National average of 322 days.
  • Since 2015 HomeLet have paid out £11.4 Million across all rent protection and eviction claims.

What happens if your tenants' circumstances change?

Even the most conscientious tenants can have their circumstances suddenly change, resulting in them no longer being able to pay the rent.  Unless you don’t need the rent, it may be worth investing in rent guarantee insurance which can cover you in the event your tenant can’t or won’t pay the rent.

Did you know that we offer 2 free months rent guarantee and insurance for all new tenancies? 

We know that many landlords are suffering with tenants in rent arrears due to tenants losing their jobs during the COVID pandemic, or being on furlough and only receiving 80% of their salary, and in these troubled times, we know that nothing is ever certain, however strict our referencing process is at the start of the tenancy.

Whether you feel you need cover may depend on if you’re a landlord who is likely to be personally impacted by these missed payments, for example, you still have mortgage payments to make in addition to your own household outgoings.

With this in mind we offer an ‘interest in’ to our Rent Guarantee and Legal Expenses Insurance Policy as part of our service for the first 2 months. If you do not require this service you can then cancel your policy, if not you can continue at a cost of £30 pcm (inc VAT) taken directly from your rent payment.