Rent payment protection insurance is there to help you protect your rent payments in the event you are unable to pay your rent payments due to accident, sickness or unemployment / redundancy (ASU).
Most people do not realise that rent payment protection insurance is available, in fact, most payment protection insurance providers simply don’t offer it. Not only do we offer rent payment protection, it is no more expensive than our mortgage payment protection insurance. Rent payment protection insurance is a payment protection insurance that not only covers your rent payments but will also cover up to an extra 50% of your rent payment to help you with other monthly household expenditure.
There is always the danger when living in rented accommodation that failure to keep up your rent payments due to an unexpected loss of income because of ill health or redundancy could result in court action for the recovery of debt and eviction. Fortunately, rent payment protection insurance is available to give you peace of mind that in the event you are unable to earn an income or salary your monthly rent payments can still be made should you become unable to work due to accident, sickness unemployment / redundancy.
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