We make sure you’re protected
Our Rent Protection and Legal Protection does exactly what it says on the tin – it protects the rent of a property that has been
let to a tenant. Rent arrears can be disastrous when you rely on this income to pay the mortgage.
We’ll often settle a dispute in rent arrears or damage to a property outside of the legal system and, by taking out our service, we handle the time-consuming task of making a settlement.
With our service, you’ll always get the income you expect and, if you need legal representation to recover it, our service can help.
What does the policy cover ?
UP TO £100,000 LEGAL EXPENSES.
We’ll cover the costs and expenses of legal proceedings, including the cost of appeals, and also provide legal representation from one of our trusted partners. We’ll appoint a legal representative for the duration of the proceedings and support throughout the process.
NIL EXCESS.
The Rent Protection and Legal Expenses service comes with nil excess as standard, so you’ll benefit from 100% of the monthly rent owed until vacant possession is obtained, should you need to make a claim.
RENT PROTECTION AND RECOVERY.
We’ll pay rent arrears whilst a tenant or ex-tenant still occupies the property until vacant possession is obtained. After which, we’ll continue to pay 75% of the rent until the property is re-lent for a maximum of two months. We’ll also cover the costs and expenses of recovering rent from a tenant or ex-tenant, if the rent has been overdue for at least one month.
PROPERTY DAMAGE LEGAL EXPENSES.
Should a property sustain physical damage of £1,000 or more during the tenancy caused by the tenant, we’ll cover the expenses for pursuit of a civil dispute against the tenant, to rectify the damage.
EVICTION OF TENANTS OR SQUATTERS.
If there are squatters or ex-tenants in the property without your consent, our service will assist with the costs of eviction.
STANDALONE LEGAL EXPENSES.
You can claim for legal expenses to evict a tenant, for mandatory breaches that require the pursuit of a civil dispute.
CONTRACT DISPUTE PROTECTION.
Our service will cover against costs and expenses relating to the dispute of a contract, entered into for the buying or hiring of any goods and services relating to your property, providing the amount in dispute is over £100 and the agreement was entered into during the period of service.
90-DAY CLAIM WINDOW.
We offer a 90-day claim window, providing plenty of time to organise a claim from the date of the first rental payment missed by a tenant, with nil excess in the first 45 days and a one month excess for the remaining. Our claims process is really simple and all communications to you are sent automatically, when a claim is submitted.
CONTACT US
you’re in safe hands
We’re a member of the key property governing bodies, so you have completepeace of mind and protection every step of the way with Propfinity.
