In the event of a valid claim, landlords can expect to receive the normal monthly rental within 7 working days of the due date, with the 1st months rent claimed being excluded. In the event of non-payment or legal dispute covered by the policy, insurers will agree to pay up to £15,000 in total. Should the tenants be referenced for less than 6 months, the policy cover will be reduced accordingly. The policy can be applied to all residential properties
regardless of the rental amount, with the maximum benefit being £2,500 pcm.

Benefits and cover are the same as under MARASplus, with an increased period of insurance and an enhancement of the rental guarantee component. Rent arrears occurring during the 12 month policy are covered to a maximum of 6 months rent. Should the tenants be referenced for less than 12 months, the policy cover will be reduced accordingly. The policy can be applied to all residential properties regardless of the rental amount, with the maximum benefit being £2,500 pcm.

This policy has enhancements over MARASplus and MARASprotect. In the event of non-payment or legal dispute covered by the policy, insurers will agree to pay up to £50,000 in total, with the 1st months rent claimed being excluded. The policy can be applied on all residential properties regardless of the rental amount, with the maximum benefit being increased from £2,500 pcm to £4,000 pcm.

Should the tenants be referenced for less than 12 months, the policy cover will be reduced accordingly. Where insurers gain vacant possession during the policy term, and the property is in a condition to let and remains vacant, the landlord receives 100% of the rental in the 1st month, and 50% of the rental in the 2nd month.

Despite every care with the selection of a tenant and the management of your property, the unexpected can happen.Tenants may be unable to pay the rent due to redundancy, accident, sickness, separation, divorce or even death. The advantage of MARAS Rental Guarantee & Legal Expenses Insurance is that legal experts can be brought in at the onset of a problem. This means that matters can be resolved quickly; if necessary, the property can be swiftly relet and in the meantime, you will have had the benefit of free legal advice, legal action and rental guarantee.

We are able to offer our rent guarantee and legal expenses insurances at extremely competitive rates because of our proven referencing and buying power. Professional standards are maintained by our nationwide network of letting agents.

Our experienced staff will apply the usual rigorous criteria to compile our reference on your tenants. With all enquiries subject to over 25 possible checks and cross referenced with our database containing hundreds of thousands of records, you can rest assured that our
comprehensive reports will guarantee your peace of mind.

Simply express your interest in MARAS rental guarantee and once the tenants application for your property has been approved, you will receive a quote and information from MARAS that allows you to select the policy that best suits your needs.

Once MARAS has approved the tenants application for your property, you will receive a quote and information from MARAS that allows you to select the policy that best suits your needs.

Q. What cleared funds must be obtained before a tenancy commences?
A. It is a condition of the policy that the 1st months rental and dilapidation deposit has been paid before
a tenancy commences.

Q. When a claim is made, how quickly can I expect payment?
A. In the event of a valid claim, landlords can expect to receive the normal monthly rental within 7 working
days of the due date. Please note the 1st month’s rent claimed is excluded.
 

Q. Where the tenancy has already started, can I obtain insurance cover without any special terms being applied?
A. Yes - provided that insurance is effected EITHER within one month from the start date of the tenancy OR before the second month’s rent is due (the 1st month’s rental having been paid in advance), whichever is the sooner.
 

Q. Can insurance cover be obtained after the second month’s rent payment has been made?
A. Yes, however a 90 day exclusion will apply to the policy.
 

Q. Can I renew the policy?
A. Yes. Once your tenants have been successfully rereferenced,
the insurance cover will be available.

Q. Why is the MARASprovision policy so much more expensive than the other policies?
A. The MARASprovision policy provides a monthly benefit of up to £4,000, covers up to £50,000 and also provides vacant possession payments.
 

Q. Is I.D. required on the tenants?
A. Normally, no. However, if the monthly rental is in excess of £2,000 pcm, copies of 2 forms of I.D. must be retained on each tenant.