Rent protection and legal
expenses with a difference
Goodlord’s Rent Protection and Legal Expenses
Goodlord’s Rent Protection and Legal Expenses
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.
What are the benefits?
- Nil excess: you’ll receive 100% of rent owed if you make a claim
- Up to £100,000 legal expenses cover, including appeals and legal representation
- Rent recovery
- Property damage cover, for civil dispute expenses on damages over £1,000
- 75% of rent after vacant possession for up to two months
- Eviction of squatters and assistance with the costs involved
- Standalone legal expense cover, in case of civil dispute
- Contract dispute protection, covering costs in disputes of over £100
- 90-day claim window, from the date of fi rst missed rental payment
- Auto renewal process, so you have continuous coverage
- Exclusive partnership with DAS UK, with 40 years of experience in underwriting insurance
Rent and legal service protection
Rent and legal service protection
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.
Automated claims process
Automated claims process
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.
And if you have any questi ons?
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
Get in touch with Louis & Co
If you have any other questions that are not covered here, please contact Louis & Co.