UK’s private rented sector increased by 1.7 million households between 2007 and 2017*. It is predicted that 1 in 4 households will be renting privately by the end of 2023.
Without sufficient financial protection in place, many renters could find themselves losing the roof over their head if the worst was to happen, or if they are unable to work due to sickness or injury. Considering that tenants spend 40% of their income into covering household costs, having protection in place is more important than ever.
That’s where Legal & General’s new Rental Protection Plans can help. It could help financially protect you by providing a monthly benefit or lump sum, in the event of a valid claim during the length of the plan. The range is offered exclusively through a financial intermediary:
Choice of plans:
- Rental Income Protection Benefit
- Rental Life Insurance
- Rental Life Insurance with Critical Illness Cover
We are pleased to be working with an adviser to be able to offer this range of benefits to our tenants. We have partnered with Mortgage Advice Bureau, one of the UK’s leading mortgage brokers and most recognised intermediary brands.
If you would like to hear more about these plans please contact us.
*1 Office of National Statistics