Product Updates Residential Let Legal Expenses & Optional Rent Protection

The ABACUS team are pleased to announce Rent Protection Insurance is back and can be quoted online now as part of our Landlords Legal Expenses and Rent Protection Insurance policy which is managed and provided by Arc Legal Assistance Limited and underwritten by AmTrust Europe Limited.

Available stand-alone or as an add-on to Residential Let Property policies.

What is Residential Let Legal Expenses and Optional Rent Protection Insurance?

In the event your client should be involved in a property dispute or debt recovery (relating to the property insured) then the cost, time, and effort of pursuing any legal action against a third party would probably result in a financial loss to the client as well as being very time consuming. Legal protection cover will provide the client with the security and peace of mind should it ever be necessary for the client to take such legal action.

Landlords Legal Expenses and Rent Protection Insurance provides insurance to cover: l Tenant Mediation and Eviction: Mediation Adviser Costs: £330 –Eviction Adviser Costs: £1,250 l £50,000 for claims under any other section of cover l For claims under the Rent Protection section of cover: Maximum Monthly Rent: £1,500 – Maximum Rent

Payable: 6 Months for advisers’ costs for certain types of legal action(s) and rent.

What can we cover?

Target Market

Residential Property Owners with: l Minimum 6-month lease agreement l Long term leaseholders l Any tenant type l All residential property types including flats

It is not targeted for: l Commercial properties l Any existing Legal Disputes l Unoccupied properties

Feel free to contact our New Business Team who will be happy to help with any queries or questions you may have.

If you would like to review the IPID and Policy Wording these can be found under the Policy Documentation section on our website.