Letting agents and landlords utilising Goodlord’s rent protection and legal expenses insurance policy will now have their rent protected until vacant possession is obtained, with no cap on the number of months covered.
Under the new policy, which will began on 1 November, landlords will be able to claim up to £100,000 worth of missed rent payments and legal expenses.
This extended coverage, offered for the same price as the current policy, is available to existing and new customers, whilst also available on renewals and transfers from other providers.
Oli Sherlock, director of insurance at Goodlord, said: “Goodlord’s continued priority is ensuring our agents can offer landlords market-leading coverage that minimises risk in the face of continued uncertainty.
“Whilst notice periods have returned to pre-pandemic timelines, we’re concerned that landlords are still seeing long delays before they are getting their properties back. This is making the situation untenable for those who don’t have the right protection in place. We therefore wanted to bolster our rent protection insurance product to reflect the current environment and ensure landlords can continue to manage their portfolios with confidence.”