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Boswells Offer Rent Guarantee Insurance

Boswells

Facing unprecedented demand earlier this year, Alan Boswell Insurance (the PDPLA preferred provider due to their industry beating comprehensive 5 star cover) withdrew their rent guarantee insurance but the good news is that it is back and is simpler than before... 

This is the Announcement From Alan Boswell Insurance 

We are delighted to announce that after a short suspension, we are again able to provide you with the option to purchase rent guarantee insurance.


Earlier this year there was an unprecedented (yes that word again) demand for our policies, and with insurers we took the decision to temporarily halt the sale of new policies. We are really pleased to be in a position to offer this product again, and wanted to ensure our existing clients have the option first. The market for this product is rapidly changing and could continue to do so as the impact of coronavirus becomes clear and the government introduce or remove legislation.

In order to bring a product to market quickly we have stripped back previously available covers to supply the essential requirements only:

  • Annual policy
  • Pays a maximum of £2,500 per month after your tenant has been in arrears for over a month and you have started formal mediation/eviction process.
  • Policy can be used towards higher rentals (i.e. if you rental income for the property is higher than £2,500, it will only pay up to £2,500)
  • Max 6 months rental cover
  • No excess
  • Legal expenses up to £100k to regain possession of your property (within current legislation)

To dovetail in with current legislation we have also introduced a professional mediation service to help with any rent arrears should they arise during the duration of the policy. This must be undertaken in order for a claim to be valid.

The cost is £150 including IPT if it is bought for any properties we currently insure, and £175 if bought standalone for properties we do not insure.

 If you have any questions or would like to find out more on our rent guarantee insurance, or landlord insurance in general, call us on 01603 216399 or email via the button below. Please note, our opening hours are Monday-Friday 9am-5pm. 

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Written & oral information and advice from the Portsmouth & District Private Landlord's Association is given in good faith, but no responsibility whatsoever is accepted by the Association or it's officers for the accuracy of it's information & advice nor shall the Association be held responsible for the consequences of reliance upon such information.

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