Addept Insurance launches dedicated rent guarantee insurance solution for social housing sector

A dedicated rent guarantee and legal expenses solution of social housing landlords

20 November 2025 - Addept Insurance Services (Addept Insurance) has today announced the launch of a dedicated rent guarantee and legal expenses insurance product for landlords and local authorities providing social housing in England and Wales.

The product, developed in partnership with specialist ancillary insurance broker Nice 1, is designed to support landlords and local authorities who offer social housing rentals with rent arrears and eviction cover reflecting the specific circumstances of tenants in this sector of the housing market. The partnership with Nice 1 also includes product distribution.

The annual cover offers protection reflecting the unique aspects of letting to social housing tenants, particularly, relating to tenant checks and no deposit requirements in the sector. An optional one-month excess and delayed claims notification requirements also reflect the increased risk of rent arrears social housing tenants experience because of benefit payment delays.

A unique aspect of the policy is the addition of a mediation and rehousing service aimed at helping to resolve rent difficulties between landlords and tenants.

Richard Finan, Managing Director of Addept Insurance, said: “Landlords and local authorities offering social housing face key areas of difference from those in the private rental sector. Our solution has been developed to address these with a more responsive and relevant scope of cover, claims reporting requirements and pricing that enables social housing landlords to effectively mitigate the risks and protect against rent arrears and repossession costs.”

The dedicated social housing rent guarantee solution is a further expansion of Addept Insurance’s legal expenses portfolio launched in April. The firm plans to launch other new products this year.

The firm provides a diverse range of 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.