Guaranteed Rent for Landlords

Ensure your rental income with Rent Guarantee Insurance Scheme

Unfortunately, in the light of government plans to suspend evictions during the COVID-19 Coronavirus outbreak, our insurance providers have told us they need to suspend sales of rent guarantee products. We are very sorry for any inconvenience caused and are working urgently with our insurance partners to resolve the situation. If you have any questions, you can call our insurance providers Rentguard on 0113 320 7368.

Why get RGI?

Rent Guarantee Insurance is available to all OpenRent landlords whose applicants have passed tenant referencing. For just £89 a year (including all taxes), 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.

Farzana

OpenRent Landlord

"My tenants suddenly stopped paying their rent..."

When my tenants suddenly stopped paying their rent RGI came to my rescue! It covered the rent I would have lost for around 4 months and also covered my legal costs until I was able to evict the tenants. It's proved a real safety net and I highly recommend it.

For only £55, you can protect yourself like Farzana did.

Our best-in-class Rent Guarantee Insurance with Legal Protection includes cover if your tenants default on rent, along with cover for legal costs, and a legal advice hotline from our experts to help guide you along the way.

6 Months Cover

One-off payment:

£55Inc. all taxes

12 Months Cover

One-off payment:

£89Inc. all taxes

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 change (and pass referencing)
  • No need to re-reference tenants if policy is renewed and AST remain the same

Underwritten by:

Over £15.4 billion worth of property insured by our broker

OpenRent Limited is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486) and which is permitted to advise on and arrange general insurance contracts.

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