Rent guarantee priceless as increasing tenant numbers fail to pay

Residential landlords are being advised to get rent guarantee insurance as increasing numbers of tenants fall behind in their rent.

With the recession deepening, the threat of more job losses increases, affecting not only homeowners but tenants as well, putting landlords under pressure as tenants fail to pay their rent on time.

With the eviction process taking on average three months to complete it is a burden that already stretched landlords may find too far to cope financially.

Insure My Let has a rent guarantee insurance product that can be added to its let property insurance from as little as £25 for the year.

And with banks more likely to start repossession proceedings against landlords than owner occupiers it is essential that landlords do all they can to protect their income.

February 25^th 2009

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