Why get RGI?
Rent Guarantee Insurance is available to all OpenRent landlords whose applicants have passed tenant referencing. For just £89 a year, you can have your rental income guaranteed by our insurance scheme, which also pays out for your legal expenses.
Any tenant could suddenly suffer a change of circumstances and no longer be able to pay their rent fully or on time.
But your ongoing costs as a landlord (mortgage, repairs, advertising) will keep adding up.
Rent Guarantee Insurance means you will always be able to rely on your rental income to pay your mortgage and other legal costs as a landlord. It is also known as Legal Expenses & rent Guarantee (LERG) insurance.
6 Months Cover
12 Months Cover
Legal Expenses & Rental Guarantee Cover
- Free 14-day no quibble cancellation
- Up to £3,000 monthly rent guaranteed
- Up to £25,000 advice/legal cover if eviction required
- No excess upon a claim
- Free legal helpline for duration of policy
- Policy still valid if tenants changes (and pass referencing)
- No need to re-reference tenants if policy is renewed and AST remain the same
£15.4 billion worth of property insured by our broker