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Legal expenses – protecting your livelihood!

Tuesday, October 25th, 2011

One common misconception in the Landlords Insurance industry is that legal expenses policies are expensive and provide no real protection for customers and rather a revenue stream for insurers.

A good legal protection package will not only protect you from the landmine of legal obligations as a landlord but can also provide peace of mind for your tenant.

Being a landlord can be a very profitable business providing you have planned for any unexpected surprises that can potential catch out the most cautious landlords.

Cover4LetProperty can offer  a full comprehensive legal protection policy which has the option to include rent recovery which can be worth is weigh in gold.

The Scheme on will indemnify up for legal expenses up to £50,000 with a leading Insurer relating to:-

  • Rent Recovery: The recovery of undisputed debt for rent unpaid by your tenant.
  •  Eviction: Your legal rights to evict anyone, other than Tenants who have your permission to be in the property
  • Defence Costs: Defence of your rights if an event arising from you letting the property leads to you being prosecuted in a criminal court.
  • Property Legal Disputes
  • Attendance Expenses: Indemnity against loss of salary or wages of £100 per person per day up to a maximum of £1000.

Another addition is rent guarantee which may be considered especially for high risk tenants or any customers that relay on the income generated from their property investments.

If you wish to discuss this further please call one of our dedicated Account Handlers on Freephone 0800 970 7172.

Regards Dan