Also see Full Policy Wording

And FSA Key Facts Summary for Rent Guarantee

or a printable version of this summary

Your legal problems
Even the most careful landlords can have trouble with outstanding rent from tenants, even having done their best with reference and credit checks. Sometimes a tenancy dispute can end with a seemingly genuine client refusing to pay their rent through no fault of the landlord.

The solution
Composite Legal Expenses' Rent Guarantee insurance is a general insurance contract that protects landlords from tenants defaulting on monthly rent (as agreed in the tenancy schedule) for a period up to twelve months and to provide legal expense costs to remove the tenant from the rented property if applicable.

The areas we will cover

•  Legal Expenses Cover: If during a period of insurance an insured event occurs, the insurer will provide to the insured indemnity for fees not otherwise recoverable for professional costs incurred in the pursuit or defence of civil claims.
•  Rent Guarantee Cover: Monthly benefit will be paid in respect of arrears of rent owed on an insured property by the tenant to the insured for up to 12 months or until vacant possession has been gained, whichever happens soonest,
•  Benefit will be paid at a rate of 1/30th of the monthly benefit for each continuous day that rent is in arrears;
•  Maximum monthly benefit is £4,000 regardless of number of policies.
•  Cover is available for:
•  12 Months RG and 12 Months Legal Expenses
•  6 Months RG and 12 Months Legal Expenses
•  6 Months RG and 6 Months Legal Expenses

The main policy limits

•  Maximum amount of cover for Legal expenses is £25,000;
•  No benefit if the event occurs before the cover start date or within 90 days of the start date;
•  No benefit if a claim is made more than 45 days after the event;
•  No benefit where the amount in dispute is less than £250.

Our promise
We provide both an excellent range of cover as well as some of the most competitive prices in the market. Our dedicated team are there to help you find the right policy so call us on 0871 423 5251 to see how we can help provide security for you.

Composite Legal Expenses, Suffolk House, Trade Street, Cardiff CF10 5DT.
Tel: 0871 423 5240
Fax: 029 20222044

Composite Legal Expenses cover is underwritten by Pinnacle Insurance plc, a company incorporated in England and Wales. Company Registered Number: 1007798.
Pinnacle Insurance plc is authorised and regulated by the Financial Services Authority, FSA Registration Number: 110866. Cardif Pinnacle is a trading style of Pinnacle Insurance plc. Pinnacle Insurance plc is a BNP Paribas company.