Landlords2019-02-15T09:25:00+00:00
Loading...

Rental properties remain a booming business and as a landlord protecting yourself again unexpected costs are important.

Residentsline to the rescue

Recently there have been a number of much-needed changes within the insurance industry. In the wake of ever-present modernisation, it now seems that the standard deposit system is becoming a thing of the past. And, unlike video stores and hardcopy books, it isn’t something many people will look back on fondly.

The purpose of a deposit replacement scheme is basically to replace the standard deposit payment with an insurance policy. This policy provides landlords with the same protection as a deposit, but effectively removes the requirement of an expensive lump sum prior to a tenancy – this makes it more affordable for tenants to move, but not at the expense of their landlord’s protection.

The common factor across these new deposit-free schemes is the fact that neither the tenant nor the landlord loses out. The tenant is provided with a reduced fee and a payment method to suit their financial situation, thus removing the barriers that many faces in trying to rent. For the landlord, they are provided with the same financial cover as a standard deposit. A major factor at the forefront of these schemes is that the insurance company act as the middle man between landlord and tenant – if any damage occurs, the insurer will cover the costs for the landlord. As agreed, the tenant will be held liable, and the insurer will recover the value from the tenant themselves (in the same way a landlord would deduct money from their deposit).

For more information and to view summaries of cover please visit www.depositandrent.co.uk .

Deposit and Rent
Get a Quote

Get in touch with our friendly, experienced and professional team today for more information.

Request A Call Back
Email Us
Make A Claim

Residentsline provides a range of products to help including:

Landlords Property Insurance

Find Out More

Rent Guarantee

Find Out More

Deposit Replacement

Find Out More

Landlords Emergency Assistance

Find Out More

“The level of customer service received was exceptional. Their friendly team were extremely knowledgeable and went ‘above and beyond’ expectations. I would certainly have no hesitation in recommending Residentsline to anyone I know.”

James Alexander

Our Knowledge Hub

Policy Wordings

View Policy Wordings

News

View News

Useful Guides

View Useful Guides

Monthly Mini-Mag

View Latest Issue

Our Brands

Get A Quote Today

Fill out our short online form today and have your bespoke quote sent over by our team within 2 hours.

GET A QUOTE

Sign Up To Our Newsletter

Stay up to date with the latest in Flat Insurance and receive the latest edition of our Flat Living magazine every month.