Insurer offers up to £50k cover to pursue eviction cases

An insurer is beefing up its Landlord Legal Expenses and Rent Protection Product, to cope with the Renters Rights Act.

The Alps product is available on a standalone basis or add on to a landlord’s existing home insurance policy.  

It includes:

• Up to £50,000 costs to pursue legal action(s) for breaches of the tenancy agreement, eviction proceedings, and rent arrears;
• Up to £50,000 costs to pursue tenants for costs incurred in rectifying damage;
• Up to £50,000 costs to pursue a legal action for nuisance or trespass claims;
• Up to £50,000 costs to pursue a legal action to evict “squatters” or ex-tenants;
• Up to £50,000 costs to defend civil and criminal prosecutions brought against landlords;
• Up to £1,000 court attendance expenses;
• Free access to a claims notification Helpline.

An Alps spokesperson says“As reforms under the Renters Rights Act reshape the private rented sector, landlords will face more complex and potentially longer dispute processes. 

“Our enhanced Landlord Legal Expenses and Rent Protection product is designed to provide the specialist legal support and financial protection landlords need, while introducing more flexible pricing options that ensure cover remains accessible and aligned to rental values.”

   

This article is taken from Landlord Today