Deposit replacement
insurance for agents
Offer landlords over 50% more protection than a traditional deposit whilst making moving more affordable for tenants.
Book a demo![](https://lettingshub.co.uk/wp-content/uploads/2021/04/AgentDRI.gif)
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Covers equivalent of 1.5 or 2 months’ rent
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Zero excess on claims
*If unchallenged by the tenant(s)
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Claims paid within 30 days*
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Faster lets
Advertising properties as deposit- free will generate more enquiries and lets tenants move faster with fewer upfront costs, reducing void periods.
It’s a win-win
Not only will moving be more affordable for your tenants, landlords also get extra protection over and above a traditional deposit of 5 weeks’ rent.
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Simpler process
Save time spent administering cash deposits at the start and end of the tenancy – with BOX you can add deposit replacement cover in just a couple of minutes.
Add a policy anytime
Deposit Replacement Insurance is available at create a tenancy, mid tenancy and at renewal, releasing funds back to the tenant at a time when they may really need it. This also allows you to generate income at any point during the tenancy through a straight forward processes in BOX.
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Integrated online
With our pre-tenancy management system, BOX, your tenants can set up their deposit replacement online as part of the tenancy application process.
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Integrated with Reposit
BOX is also fully integrated with Reposit offering another deposit alternative solution, in addition to our own Deposit Replacement Insurance product.
What’s covered?
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1.5 or 2 months’ rent
Giving landlords additional protection vs traditional deposits
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Cleaning
End-of-tenancy cleaning if property is not left in a satisfactory condition
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Dilapidations
Cost of repairs to damage which the tenant is responsible for
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Unpaid rent
Can be used to cover any rent arrears owed to the landlord
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Gardening
To restore outdoor spaces if not maintained by the tenants
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Removing unwanted items
Removal of items left behind that don’t belong to the landlord
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Other reasonable costs
Any recoverable costs due as compensation for breach of tenancy
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Rents up to £8,000
Available for a wide range of tenancies even with high-value rents
As with any cover, limitations and exclusions apply. For full details and terms and conditions, please see the Policy Booklet and Policy Summary.