Compare rent guarantee insurance

You could get rent guarantee cover from these insurers so you are never left short when your rent is due. Compare their landlord insurance to find the right policy to protect the income you rely on.

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  • Compare rent guarantee insurance deals in the wider market

Compare rent guarantee insurance from leading providers

You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.

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How to compare rent guarantee insurance quotes

1

Enter your details

Enter a few details like your address, property type, and any extra policies you want and you’ll get a rent guarantee insurance quote.

2

Compare quotes

You’ll be able to see and compare the policies on offer from our preferred insurance providers.

3

Apply and save

Once you’ve chosen your policy and received a quote, simply pick the best insurance quote for you and apply.

Insurance deals

5 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
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Direct Line Landlord Insurance
Maximum cover
Buildings: £5,000,000, Contents: £250,000
Cover options
Landlord liability up to £5,000,000, rent guarantee & accidental damage
Minimum excess
Buildings & contents: £100
Direct Line Landlord Insurance
Direct Line for Business provides a range of business insurance products by phone or online. With over 250,000 landlord customers, our Defaqto 5 Star Rated landlord product has won What Mortgage’s Best Landlord Insurance Provider award in 2013 - 2021.
Eligibility
Permanent UK Resident

Compare another type of landlord insurance

What is rent guarantee insurance?

Rent guarantee insurance covers your lost rent if your tenants don’t pay. If you rely on your rental income to pay your mortgage, that monthly rental payment from your tenants is essential.

What does rent protection insurance include?

Different policies include different things but rent protection insurance generally covers your rental income and legal expenses, which is why it is also called rent guarantee and legal expenses insurance.

You can usually claim if your tenant doesn’t pay rent for more than a month, or if you have to evict your tenant.

Rent protection insurance doesn’t usually cover the following:

  • lost rent if your property is unsafe to let

  • vacant periods

  • claims made within the first 90 days of your policy

  • claims not reported quickly enough (for example, within 60 days)

  • claims against tenants with a history of defaulting on their rent

  • claims against asylum seekers.

The legal side of rent guarantee insurance can be helpful if you get into a dispute with your tenant. Without rent protection insurance, this could be expensive and take a lot of your time. You can get legal expenses insurance as part of your landlord policy or your rent protection insurance, or as a standalone policy. Don’t forget to check the limit on how much you can claim.

Here’s some more information about how rent guarantee insurance works.

Who should get rent guarantee insurance?

Non-payment of rent can happen to any landlord, no matter how careful you are when choosing your tenants and whether or not you use a lettings agent. It is even more of a risk when the economy is stretched, and money is tight. If your tenants fall on hard times, they might suddenly be unable to pay their rent.

If you’re a landlord, rent guarantee insurance is a way of protecting yourself. It helps you to make sure you never face serious financial challenges due to non-paying tenants and gives you peace of mind that you’ll never default on your buy-to-let mortgage.

On this page, you can find rent protection insurance by carrying out a comparison.

Is rent guarantee insurance for tenants included in all landlord policies?

Rent insurance is an optional extra with most landlord insurance policies. If you want to add it to your policy, you have to pay more. 

Can I get rent guarantee insurance regardless of who my tenants are?

Landlord rent protection insurance doesn’t cover all types of tenants. For instance, if your tenants have missed payments in the past, you might not be able to get rent guarantee insurance, because it’s too risky for insurers.

Some policies only cover certain types of tenants, such as professionals. Others exclude some tenants, such as those registered as asylum seekers. You might also find it harder to get rent guarantee insurance for tenants on certain benefits. Check your policy carefully so you don’t get caught out.

Most rent protection insurance companies need to see written references for your tenants, or know they have a guarantor. Your tenants might also need to have a credit check.

What should I look for to find the best rent guarantee insurance?

When it comes to finding the best rent protection insurance for you, there are a few things to look for:

  • the excess fee you must pay to make a claim

  • any exclusions 

  • how much you can claim

  • whether it covers your type of tenants (for example, if your tenants are asylum seekers)

  • the price

How much does rent guarantee insurance pay out?

This depends on the policy. It usually pays out up to an agreed amount per claim.

How do I compare landlord rent guarantee insurance?

You can use our landlord rent guarantee insurance comparison but be aware that it doesn’t include all landlord insurance policies. It only includes those that let you add a rent guarantee to your cover.

Also, look at rent guarantee insurance reviews to see what other people think of the companies you’re considering.

How much does rent guarantee insurance cost?

The price depends on the specific policy you choose. Remember, however, that the cost of rent guarantee insurance is tax-deductible against your rental income.

The factors that can affect the cost include the type of property and the type of tenants you have. It is also affected by how much rental income the property brings in.

Check the excess charge you have to pay to make a claim. This is often as much as a month’s rent.

Florence Codjoequotation mark
Cost is a major factor but it’s more important to make sure you have the level of cover you need. Doing a rent guarantee insurance comparison is free, quick and easy, so you can find the right rent guarantee insurance for your needs.
Florence Codjoe, Personal Finance Editor

Landlord rent guarantee insurance seems like a good idea, how long should I get it for?

Companies usually offer six or 12 months of cover, to tie in with the length of the tenancy agreement.

When should I take out rent guarantee insurance?

The earlier you take out rent guarantee insurance the better, because there are often limitations on when you can make claims. For example, you can’t usually claim until your tenant is a month in arrears, or within 90 days of the policy starting.

Rent guarantee FAQs

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Why compare landlord insurance with money.co.uk?

By comparing landlord insurance you could save money on the policy. The best value landlord insurance will offer you the cover you need, at a price you can afford. Choose a cover plan from the best UK insurance companies and see the online discounts they offer.

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Last updated: 25 May, 2022