Landlord Caution - Goodlord Rent Protection Policy
I inherited my father’s property and took out a mortgage to cover the inheritance tax. To help manage these costs, I decided to rent out the property. In 2022, the rental agent offered me a rent protection insurance policy through Goodlord.
In 2024, the tenant stopped paying rent, and while we initially agreed on a repayment plan with the tenant, they failed to adhere to it. After the agent pursued Goodlord and even threatened to escalate the matter to the FCA, Goodlord eventually paid the balance for the oldest month of rent in default.
However, despite repeated follow-ups from my rental agent, Goodlord has consistently failed to respond. As of now, they have not made any rent protection payments for the last four months of rent owed.
If you’re considering a rent protection policy with this company, proceed with caution.
Date of experience: December 11, 2024