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At Discount Landlord, We understand that being a landlord isn’t always plain sailing, that’s why we have a range of products to help you protect your investment and income.

Legal Expenses And Rent Guarantee – Nil Excess

Our Legal Expenses & Rent Guarantee policy offers landlords peace of mind by off-setting some of the costs incurred when tenants’ default on rental payments whilst still occupying the property. It also covers the legal costs of regaining possession of the property, which can also be costly.

Benefits:

  • A 12 month policy term with no excess
  • A mediation service is available during the claims process
  • Up to 5 tenants can be covered on one policy (single tenancy agreement)
  • Cover can be offered for an existing tenancy agreement (90 days exclusion period will apply)

The maximum amount payable in respect of an Insured Event is as follows:

  • Mediation Adviser Costs: £330
  • Eviction Adviser Costs: £25,000
  • Maximum Monthly Rent: £2,500
  • Maximum Rent payable: 6 Months or the end of the Tenancy Period whichever is the lesser.

Tenant Referencing

Please note, for the above policies tenants must be FULLY referenced either by Discount Landlord or the referencing company approved by Discount Landlord (FLS Tenant Referencing Services Ltd.). – these include DSS, students, self-employed lets. However, for full time employed working tenant(s) a 4 point check will suffice*. (Please note that the details have to be valid from the START of the Tenancy Agreement).

The 4 point check is:

  • Identification from the tenant, including a clear photograph;
  • Either a utility bill or bank statement;
  • Credit check – clear of CCJ’s, bankruptcies & indicating confirmation of residency;
  • Confirmation of employment – a written employers’ reference on company letter headed paper confirming the tenant’s permanent and current employment and that their salary is at least a multiple of 2.5 of the Tenant’s Rent (the documents should be no more than one month old from the start of the tenancy).

* Please note that if the 4 point check is applied & is in place, there will be no need to do a ‘Full Profile’ reference check – though in the event of a claim, the responsibility lies with the insured to produce the appropriate documents. A 4 point check is only applicable if the tenant(s) have not yet moved into the property before the first continuous policy is incepted.

About your policy

Please click here to read or download the Insurance Product Information Document & Policy Wordings for the insurance products we offer.

We hope you are completely delighted with your policy; however if you decide you do wish to cancel it, please contact us immediately. You must do this in writing to either info@discountlandlord.co.uk or Discount Insurance, 27 Great West Road, Brentford, London, TW8 9BW.

You have 14 days from the inception date of your policy, or from the day when you first receive your documents to decide if this product meets your needs. If you choose to cancel this policy within this period, and no claims have been made, we will issue a refund, charging only for time on cover.

On certain policies, such as Legal Expenses & Rent Guarantee Insurance, there is no refund payable after the 14 days and no cancellation fee will be charged. Where this is applicable it would be highlighted in your policy wording.