What's the difference between 'loss of rent' and 'rent guarantee' insurance for landlords, and which one provides better protection against tenant non-payment of rent, particularly with the current cost of living crisis in the UK?
Quick Answer
Loss of rent insurance covers income loss due to property damage, whereas rent guarantee insurance (RGI) protects against tenant default. RGI typically provides better protection against tenant non-payment and associated legal costs.
About This Topic
Compare loss of rent vs. rent guarantee insurance for UK landlords. Understand which protects against tenant non-payment, crucial with Section 21 abolition expected 2025.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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