Brokers: Second Property

Landlords Legal Expense Cover

Why Landlords Legal Expense Insurance?
The popularity of property investment is increasing. Unfortunately situations can arise where tenants may become a nuisance or you find yourself in dispute. These disputes can leave you with no alternative but to resort to legal action which can be both expensive and time consuming.

Our Landlords Legal Expenses policy helps protect you against unforeseen legal costs resulting from an incident where the tenant fails to perform their obligations set out in the tenancy agreement (relating to the rightful occupation of the insured property).

The Cover
The insured is covered for reasonable legal fees incurred by the appointed solicitor for their costs in pursuit of civil legal cases for damages or injunctions against the tenant or their guarantor. Examples of cover could include action against tenants who have damaged the insured’s property and non payment of rent.

The policy provides a limit of indemnity up to £25,000 of the appointed solicitors reasonable legal fees.

Where the tenancy agreement commenced prior to the inception of the policy and where an insured event occurs within the first 90 days of the policy inception, cover would not be granted unless evidence could be provided to show continuous insurance up to the inception of this policy.

Amounts in dispute of less than £250 including VAT are not covered.

At A Glance
• Protection for legal expenses
• £25,000 costs per claim