Even when you’ve taken all the right measures to look after your property, sometimes things can go wrong. Goodlord’s Rent Protection and Legal Expenses service means that, should the unexpected happen, you’ll always get the income you expect from your tenants, and it wil l also support you if you need legal representation to recover your property.
Sometimes your tenant’s security deposit isn’t enough to cover signifi cant damage or rent arrears. A comprehensive and rigorous coverage could mean the difference between regaining your property or defaulting on your buy-to-let mortgage.
With this Rent Protecti on and Legal Expenses service, you’ll get the income you’re owed and any costs you may have in recoveri ng it, so you’ll not be out of pocket.
For added ease, Goodlord has created a unique and automated claims process, to reduce the administration and to return the property to you as quickly as possible. They will always keep you informed so you know when your property’s protected, and how the claims process works.
The criteria for this service are closely linked to tenant referencing criteria. We already work with Goodlord to offer you the best lettings experience, including tenant referencing, so this Rent Protection service is aligned with the information we have on your tenants – simplifying the application for you.
Goodlord off ers 24/7 support, so you can get a response at
any ti me, day or night.
| Goodlord | Other Providers | |||
|---|---|---|---|---|
| Excess | Nil | 2 months | Nil | Nil |
| Legal Cover | £100,000 | £50,000 | £50,000 | £100,000 |
| Payment after VP | 75% for 2 months | 50% for 2 months | none | none |
| Claims Window (Days) | 90 | 37 | 31 | 30 |
| Max Payout | 12 months | 4 months | 6 months | 6 months |
| Claim Process | automated | manual | manual | manual |
| Property Damage Cover | ✓ | ❌ | ❌ | ✓ |
| Contract Dispute Cover | ✓ | ❌ | ❌ | ❌ |
| Auto Renewal | ✓ | ✓ | ❌ | ❌ |
| Standalone Legal Cover | ✓ | ❌ | ✓ | ✓ |
| Monthly Pri cing | ✓ | ✓ | ✓ | ❌ |
Based on coverage of select alternative providers, accurate as of June 2020
If you have any other questions that are not covered here, please contact Louis & Co.