The Lettings Hub - the home for lettings

Deposit Replacement Insurance

Your Policy, Your Pricing, Your Potential

As the lettings industry becomes more tenant-centric, there is a growing demand for zero deposit or nil deposit schemes to make renting that little bit easier for tenants. With your own deposit replacement scheme, you can reduce the upfront costs for tenants, generating even more interest in your properties, and introduce a new income stream for your business.

  • It covers everything a traditional deposit would, including cleaning and dilapidation, unpaid rent and any other loss caused by the tenant’s breach of tenancy

  • You can choose your sum insured to the value of either 1.5 or 2 months’ rent

  • No excess to pay

What are the benefits to you?

  • Choose what you earn
    You set the price you wish to charge tenants, so you can determine how much you earn and how competitive you want to be within your local market.

  • Improve cashflow
    You take payment directly from your tenants, so you receive your income immediately. You also have the choice to offer payment by instalments or as a one-off charge, so you can really tailor your offering to stand out.

  • Strengthen your brand
    It’s your scheme so we provide you with custom-branded marketing flyers, promoting and strengthening your own brand, instead of a third-party supplier’s.

How does Deposit Replacement Insurance work?

You, as the letting agent, take out an insurance policy with The Lettings Hub.

Add tenancies to your policy via our easy-to-use online platform.

All documents are issued directly from the platform bearing your logo and contact details.

At the end of the tenancy, if the tenant cannot or will not pay for the losses they have caused, you can submit an insurance claim.

Ready to get started?

Create your scheme

01733 396016 tellmemore@lettingshub.co.uk