Loss of Rent Insurance

Loss of Rent Insurance For Landlords

Renting out properties can be a profitable investment, but it also comes with risks that could disrupt your rental income.

Our comprehensive loss of rent insurance is designed to safeguard your rental income, ensuring you can maintain financial stability even when unforeseen events occur.

What You Get

Liability

Fleet

Plant

Professional Indemnity

Legal

And more…

What is Loss of Rent Insurance?

Loss of rent insurance is a specialised type of insurance that provides financial protection for landlords when their rental property becomes uninhabitable due to an insured event, such as fire, flood, or significant damage. This insurance covers the rental income you would lose during the time it takes to repair the property and make it habitable again.

Essential Coverages for Loss of Rent Insurance

Rental Income Protection

Rental Income Protection covers the loss of rental income if your property becomes uninhabitable due to an insured event. This ensures that you continue to receive rental income while your property is being repaired.

Buildings Insurance

Buildings Insurance is often included as part of a comprehensive landlord insurance policy and covers the cost of repairing or rebuilding your property if it is damaged by fire, flood, storm, or other risks.

Alternative Accommodation Costs

Alternative Accommodation Costs cover the cost of providing alternative accommodation for your tenants while your property is being repaired. This ensures that your tenants have a place to stay, maintaining good landlord-tenant relations.

Legal Expenses Insurance

Legal Expenses Insurance covers the cost of legal action related to your rental property, such as disputes with tenants or eviction proceedings. This insurance provides financial support for legal challenges.

Why Do You Need Loss of Rent Insurance?

Owning rental property involves significant risks, and having the right insurance coverage is crucial to protect your income from potential financial losses. Here are key reasons why loss of rent insurance is essential:

Income Stability: Protects your rental income during periods when your property is uninhabitable due to an insured event.

Financial Protection: Covers the costs of repairing or rebuilding your property, ensuring you can quickly get back to earning rental income.

Tenant Relations: Provides alternative accommodation for your tenants, maintaining good relationships and ensuring tenant retention.

Legal Compliance: Ensures your business meets legal requirements and provides financial support for legal challenges.

What Makes Us Different

We are specialists in the Construction Industry. We have the expertise and knowledge to get your business the most comprehensive and competitive insurance solution. We add value to your business by working closely with you, helping protect your business from financial loss, all while delivering a seamless easy experience.

  • Practical

    Work with a single point of contact who is your dedicated account manager

  • Price

    The most competitive price guaranteed including price matching.

  • Value

    We offer support, advice, and a claims service to assist you throughout.

How to Save on Loss of Rent Insurance

At ABA Insurance, we are committed to helping you find the best deals on quality cover. Here are some tips to save money on your loss of rent insurance:

Get Independent Advice: This specialist area of insurance benefits from expert advice. Our team can help you navigate the complexities of loss of rent insurance.

Shop Around: Comparing quotes from different insurers can help you find the best deal. ABA Insurance has the expertise and contacts to help you get the right cover at the right price.

Risk Management: Implementing risk management strategies, such as regular property maintenance and installing security features, can help reduce premiums.

Why Choose ABA Insurance for Loss of Rent Insurance?

ABA Insurance offers flexible, quality cover tailored to your needs, providing several benefits:

Independent Advice

Our team of specialists provides independent advice to ensure you get the best coverage for your rental properties.

Tailored Protection

We offer protection tailored to a range of property types, ensuring your specific needs are met.

Comprehensive Service

From quote to claim, we provide comprehensive service to support you at every stage.

Transparent Pricing

Our policies offer great value for money with no unexpected charges.

24/7 Legal Helpline

Access round-the-clock legal information and guidance from experienced solicitors.

Client Testimonials

I cannot recommend this company highly enough. I have been a customer since April 2018 and the service I have received is outstanding. The staff are friendly and extremely helpful. Nothing is too much trouble. I would just like to say an extra thank you to Isabella for her customer service and commitment

Chris Baker

CEO/ Founder

Your Questions Answered

How do I know what level of cover I require?

Speak to one of our expects today who can guide you through understanding the levels of cover limits you may require. Call 01474 833 322.

What does Public Liability actually cover?

In short, this covers any damage you cause to any Third Party Property &/or Persons.

What does Professional Indemnity actually cover?

In short, this covers any claim that can come from any losses you may have caused your client or third party caused by the negligence of your professional services & advice you offer.

What is the difference between (BFSC) and (LOSC)?

A Bonafide Subcontractors is a supply and fit contractor that provides their own tools and materials. A Labour Only Subcontractor is pretty much an employee who you pay on a day rate and is under your supervision, direction & control.

What does Contractors All Risk actually cover?

Also referred to as Contract Works, this covers any damage/losses to your works in progress (on going works).

How can I get a quote from you?

Simple call us on 01474 833 322 and one of the team will assist you through a quick and easy experience.

Who do I contact if I have questions?

If you already have a policy with us, you can contact your account manager or alternatively call us on 01474 833 322 and a member of the team will be happy to help.

Why should I choose ABA Insurance?

We are a specialist brokerage within the Construction and engineering industry which means you only deal with a broker that understands your business. We advise on the best insurance solutions to help you in every way possible from advice, claims handling to any questions throughout your policy.

Who will deal with me at renewal?

The same person you delt with at the start. Our team want to make sure they know you and your business inside out. They are dedicated to you from new business all the way through to your renewal.

One Point Of Contact, Countless Ways To Help.

Get Your Loss of Rent Insurance Quote Today

Protect your rental income with ABA Insurance. Use our online quote generator to get a personalised quote or contact our expert team for tailored advice. It’s quick and easy, taking just a few minutes to ensure you have the right cover in place.