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Deposit Replacement Insurance

Many tenants find it difficult to obtain the thousands of pounds needed to secure a new rental property; particularly when they’ve not yet got their current deposit back. Our Deposit Replacement Insurance removes some of the burden, making it quicker and easier for tenants to move, whilst offering landlords all the security of a traditional deposit.

Key Cover

  • Covers everything a traditional deposit would including cleaning and dilapidations, unpaid rent, and any other loss caused by the tenant’s breach of tenancy
  • Choice of sum insured equivalent to either 6 or 8 weeks’ rent
  • Nil excess
  • Unchallenged claims paid within 30 days
You choose what you earn

You choose what you earn

As they benefit from your cover, it’s your decision how much you charge your tenants, so you can sent your own margins.

Your policy, your branding

You are the insured, so documents issued to tenants and landlords bear your branding and you retain control of all claims.

Let Properties Faster

Let properties faster

Tenants can move in more quickly without having to wait for payday or for their previous deposit to be returned, minimising void periods

Drive more applications for your properties

Drive more applications for your properties

With no traditional deposit required, tenants could save hundreds of pounds renting with your agency, so Deposit Replacement Insurance is an effective way to generate more applications and interest in your properties.

Reduce administration

Reduce administration

Eliminate the time and expense of registering deposits, as well as the risk of legal action for not complying with deposit protection rules

Want to know more?

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