General Legal Protection launches landlord rent guarantee product
General Legal Protection has unveiled a new landlord rent guarantee insurance offering.
The product, designed specifically for the letting agent market, can pay up to £25,000 for rent arrears and £25,000 for legal expenses.
It also offers an upfront free express tenant referencing system to reduce the chances of renting to a risky tenant.
André Scruton, managing director of General Legal Protection, cited figures from the National Landlords Association which revealed that 49% of landlords have experienced rental arrears in the last year.
He continued: “Part of the reason for this
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