Addept Insurance and First2Protect partner to launch flexible mortgage and rent payment protection cover for landlords
- Addept
- May 5
- 2 min read
5 May 2026 - Addept Insurance Services (Addept Insurance) has today announced a partnership with specialist property insurance provider, First2Protect, to provide landlords with an alternative rent guarantee insurance protection offering flexibility in covering monthly mortgage or rental payments in the event of a tenant defaulting on their rent.
First2Protect an Appointed Representative of Pivotal Financial Limited*, is providing a tailored adaption of Addept Insurance’s Rent Protect solution that provides the core levels of cover for landlords to protect themselves against mortgage arrears resulting from unpaid rent and the legal fees associated with the eviction and repossession of their property.
In a unique move First2Protect will enable landlords to select a cover limit equal to their monthly mortgage payment, whilst maintaining an option for landlords to cover the whole of the rent if they prefer. Current rent guarantee insurance products in the market only provide cover for the full rent as standard, with no option to focus indemnity on the mortgage payment exposure. Rent Protect is being provided on both an add-on and standalone basis as part of First2Protect’s dedicated landlord insurance offerings.
Richard Finan, Managing Director of Addept Insurance, said: “With the implementation of the Renters’ Rights Act, the role of rent guarantee insurance has never been more important. Against a backdrop of anticipated increases in levels of rent arrears and eviction costs, which will inevitably result in an upward pressure on rent guarantee insurance premiums, our partnership with First2Protect provides landlords with innovative and affordable protection.”
Mark Batten, Managing Director of First2Protect, commented: “Addept Insurance’s understanding of the new and emerging risks facing landlords from the Act makes them a perfect partner to enable us to respond to the changing private rental sector landscape providing our landlord customers with a solution that ensures continued affordability and protection against the elements risk exposure of most concern to them.”
Addept Insurance provides a diverse range of legal expenses and ancillary insurance solutions designed to address the evolving needs of customers and to support brokers and other intermediaries to respond to the changing risk and regulatory environment in today’s insurance market.
Rent Protect
Addept’s Rent Protect solution provides the essential elements of Landlord Legal Expenses and Rent Protection Insurance needed to address the risks of unpaid rent and eviction costs.
The product provides:
£50,000 cover limit per insured event for repossession and eviction of squatters.
Up to £3,500 per month to cover mortgage payments and rent arrears for a maximum of 12 months.
Available:
as an add-on to a landlord buildings insurance policy, or
on a standalone basis, or
24-hour Legal Helpline providing advice on any legal matter relating to residential landlord activities.
* Pivotal Financial Limited formerly John Charcol Limited.
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