No matter how many credit checks you or your letting agent does, or how many references you take up. Tenants can still miss rent payments and fall into arrears. If you are a landlord with a buy-to-let mortgage. You will still have to make the monthly payment. Which may be a struggle if you have a lot of other financial commitments.
Rent guarantee insurance protects you from this scenario, paying out to the landlord after the tenant misses a rental payment. Policies differ but usually pay out for between six to 12 months, depending on how long the tenancy agreement is.
At AWS Financial Services, we can assist in finding the right rent guarantee insurance for your buy-to-let portfolio, ensuring financial protection and peace of mind.