Landlord Insurance

Specialist Products and Services for Landlords and Letting Agents

As a landlord, receiving rent regularly and on-time is essential – it is your cash-flow. Even long-standing, reliable tenants can face unexpected circumstances that can affect their ability to pay rent on time, or at all, and that can have a serious impact on the landlord.

What is landlord insurance?

Whether you are a landlord or a letting agent looking after your landlord clients, we offer a range of landlord insurance products and services to support landlords, letting agents and other organisations involved in residential property lettings.

With over 10 years’ experience providing specialist legal expenses and rent indemnity products for landlords and letting agents, underwritten by strong UK-based insurers with policies and claims administered by our team in Leicester.

Through Rhino Legal Protect, a SRA-authorised law firm within the Rhino group, we are able to provide legal advice and representation services in relation to residential property lettings, including possession proceedings, recovery of unpaid rent, and other types of tenancy disputes.

Rhino Landlord Insurance Policies

Rhino provide various insurance policies for landlords including Landlords Legal Expenses Insurance, Rent Indemnity Insurance and Tax Enquiry Insurance.

Landlord Legal Expenses Insurance

Landlord Legal Expenses insurance pays legal fees for professional services to protect the landlord’s interests in the course of letting residential property to tenants.

Provides cover for the legal expenses incurred in legal proceedings to recover possession of the landlord’s property, to recover unpaid rent, and in relation to other types of disputes between the landlord and tenant.

Our Landlord Legal Expenses policies provide as standard:

• Nil excess
• £50,000 limit of indemnity for legal expenses
• Cover for eviction/possession proceedings
• Cover for recovery of unpaid rent from the tenant
• Cover for disputes between the landlord and tenant in relation to negligent acts of omissions, nuisance, trespass or damage to the property
• Access to legal and tax helplines
• Court attendance expenses

Cover is available on a standalone basis (policy per property or per tenancy agreement), portfolio basis (single policy to cover all properties owned by the landlord), or scheme basis (for managed properties or membership schemes).

Rent Indemnity Insurance

In addition to the cover for legal disputes, our Rent Indemnity insurance provides cover for unpaid rent, ensuring that the landlord does not go out of pocket in the event that the tenant fails to pay their rent.

Provides the same legal expenses cover included in our Landlord Legal Expenses insurance product, plus indemnity in the event that the tenant defaults on their rent payments.

Our Rent Indemnity insurance policies provide as standard:

• Nil excess in relation to legal expenses claims; excess equivalent to one month’s rent (nil excess option available) for rent indemnity claims
• £50,000 limit of indemnity for legal expenses
• £2,500 per month limit for rent indemnity claims (subject to aggregate limit per claim)
• Monthly rent paid until vacant possession is obtained (enhanced option available, which provides additional cover for an additional two months once vacant possession has been obtained
• Cover for legal expenses incurred to obtain possession of the property, and for legal expenses incurred in other types of disputes with tenants
• Access to legal and tax helplines

Cover is available on a standalone basis (policy per property or per tenancy agreement), portfolio basis (single policy to cover all properties owned by the landlord), or scheme basis (for managed properties or membership schemes).

Tax Enquiry Insurance

Provides cover for professional fees incurred in the event of a dispute with HMRC, or investigation conducted by HMRC into the policyholder’s tax returns.

Our Tax Enquiry Insurance policies provide as standard:

• Nil excess
• £50,000 limit of indemnity for professional fees
• Cover in the event of a full or aspect enquiry conducted by HMRC
• Cover for disputes with HMRC in relation to the policyholder’s treatment of PAYE or VAT
• Access to legal and tax helplines

Legal Services

Rent arrears, damage to property and its contents and maintenance disputes, are all examples of the types of issues that landlords and their agents can face when letting residential property. We aim to provide clear, practical advice and a wide range of services from the drafting of residential tenancy agreements through to the eviction of tenants and recovery of unpaid rent.

Note: These services are provided by Rhino Legal Protect

We provide advice and representation in the following areas:

• Tenancy agreements
• Tenancy deposit protection
• Right to rent checks
• Eviction proceedings
• Rent recovery
• Disputes with tenants (dilapidations, nuisance, service charges, maintenance)

We aim to:

• Provide accessible, effective, practical advice
• Work to settle disputes efficiently and cost-effectively
• Achieve the best possible outcome for our clients

Residential Letting and Managing Agents

How we can work with you:

• We can provide standalone insurance policies to protect your landlord clients from the risk of legal disputes and rent arrears.
• We can provide group/portfolio policies to cover your managed properties – protecting you from the risk of legal disputes and rent arrears.
• Potential to generate new revenue streams for your firm.
• Access to legal helplines and representation services.
• Provide competitive quotations for your firm’s professional indemnity and office insurance.

Landlord Associations and Membership Organisations

How we can work with you:

• We can provide insurance cover on a standalone, optional basis, for your members to purchase as required.
• We can provide your members with access to legal advice and representation services as required.
• Membership benefits – we can supply telephone helplines and/or insurance cover on a “scheme” basis, as a value-added benefit of membership of your organisation.
• Potential to generate new revenue streams for your organisation.