Ahead of the Renters’ Rights Bill coming into force, Goodlord has ramped up its Rent Protection and Legal Expenses product to make its landlord insurance offering fit for a changing market.

Goodlord believes it has gone further and faster than any other insurance offering when it comes to mitigating the potential impact of the upcoming legislation.

From 1st June 2025, all new Goodlord and Vouch policies and renewals will include a significantly enhanced package of benefits, offering wider protection and higher levels of financial support.

The new offering will include the first month’s rent guaranteed in the event that a tenancy agreement is signed but the first month’s rent is not paid, and property damage cover up to £1,000, which is four times higher than previously.

Alternative accommodation costs are also being tripled, with up to £175 per night for up to three months. Storage costs of up to £15 per day will also be covered for up to three months.

Section 13 protection

One of the areas of the upcoming Renters’ Rights Bill causing the most consternation amongst landlords is Section 13. To address this, Goodlord will introduce a new level of cover which can be accessed if a tenant disputes a valid Section 13 rent increase.

Goodlord’s landlord insurance cover will now pay the difference between the previous rent and the increased amount for up to six months, or until a First-tier Tribunal makes a ruling – whichever comes sooner.

These updates are part of a broader effort by Goodlord to support its customers in the face of growing legal complexity, evolving regulatory parameters, and evolving tenant-landlord dynamics.

Oli Sherlock, Managing Director of Insurance at Goodlord, commented: “As the industry prepares for significant changes under the Renters’ Rights Bill, it’s clear that the risk profile of lettings is shifting. We recognise that plenty of suppliers are saying they are “Renters’ Rights ready” but in truth very little has been delivered.

“We’ve been working behind the scenes to ensure our insurance product evolves in lockstep with those changes. These  unique insurance enhancements are designed to offer greater peace of mind and practical support to landlords and agents at a time of peak uncertainty.”