Date Published 30 April 2025
In an increasingly unpredictable Private Rental Sector the question isn't: "Is rent guarantee insurance worth it?" It is "Can you afford not to have it?"
Let's face it—being a landlord isn't as straightforward as it used to be.
The private rental sector (PRS) is shifting constantly. One minute you're juggling EPC changes and compliance updates, the next you're wondering whether your tenants are going to be able to pay the rent on time—or at all.
And that's where rent guarantee insurance steps in.
Why it matters more now than ever.
Here in Poole, we're lucky to have a strong rental market. It's a beautiful place to live and there's always demand—but even the best tenants can run into financial issues. Job losses, unexpected expenses, or economic downturns (yep, we have seen our fair share lately) can all lead to missed rent payments.
And when that happens, you're the one left holding the bag. Mortgage still due. Maintenance bills still coming in. But the rent? Not so much.
So what exactly is rent guarantee insurance?
In simple terms, it covers you if your tenant can't or won't pay their rent. Most policies will cover unpaid rent for a set period (usually up to 12 months), and some even cover legal expenses if you need to start eviction proceedings.
It's peace of mind. It's stability. It's knowing you won't be left out of pocket if things go south.
'But my tenants are great!'
That's brilliant. We hope they stay that way! But even the most reliable tenants can run into trouble. Rent guarantee insurance isn't about distrusting your tenants it's about protecting your investment.
A few reasons why Poole landlords are jumping on board:
Security in an unpredictable market
Legal cover included in most policies
No gaps in income even if tenants default
More confidence when expanding your property portfolio
So, is it worth it?
Honestly? That's the wrong question. The real question is: Can you afford not to have it?
With rising costs, evolving legislation, and economic uncertainty, rent guarantee insurance is quickly becoming less of a "nice to have" and more of an essential part of any landlord's toolkit.
If you're a landlord in Poole and you want to know more about how rent guarantee insurance can protect your income, give us a shout. We're always happy to talk through your options without the jargon.
Call Sarah or Shaun on 01202 621900 or email poole@lewisdean.co.uk
