Portico, an estate and lettings agency, has partnered with Goodlord to offer landlords insurance.
If landlords take out a policy they will have their rent paid in full should the tenant fall into arrears. This applies for up to 12 months.
The basic policy costs £250+VAT.
Robert Nichols, chief executive of Portico, said: “Landlords and tenants have faced uncertain and unpredictable circumstances in recent months, from adjustments to notice periods as a result of the Coronavirus Act 2020, to the recently extended stay on possession proceedings.
“I believe that responsible agents should be planning for a second spike in the COVID-19 infection rate. Part of that responsibility means taking prompt and decisive steps to protect our landlord clients.”
This post has originally been featured in Property Wire.