Simple are a specialist insurance provider dedicated to providing low-cost, high quality cover online. Because we operate online we reduce our overheads and we pass these savings on to you the customer, in the form of competitive premiums. We are authorised and regulated by the Financial Services Authority and committed to providing a first class customer service.
Simple Rent Guarantee Insurance is a trading name of UK General Insurance Ltd which is authorised and regulated by the Financial Services Authority. Registered in England and Wales Company No. 4506493. Registered Office: Cast House, Old Mill Business Park, Gibraltar Island Road, Leeds, West Yorkshire, LS10 1RJ. Premiums include Insurance Premium Tax.
Rent Guarantee insurance covers you for rental incomes from £450 per month up to a maximum of £2,500 per month. The maximum total amount of rental income that it would be possible to claim for is £15,000.
A Simple Rent Guarantee policy will cover up to 4 tenants. A tenant is anyone named on the tenancy agreement. There are some other insurers that quote per tenant, but Simple Rent Guarantee policies are based on the tenancy agreement.
No, the first month of rent arrears is deemed as the excess, so the monthly benefit is paid from the second month onwards up to a maximum of 6 payments.
Simple will accept any type of tenant as long as you have a valid tenant reference in place and they are named on the tenancy agreement.
Unfortunately if your tenant has a CCJ they would not match the eligibility criteria of this insurance.