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May 1 2026 - Renters' Right Act Commencement Day

You have 0 days to:

Serve any final Section 21 notices

Stop accepting above-asking rent offers

Prepare for the rental bidding ban

Remove “No DSS” from adverts

Remove “No Children” from listings

Show one clear rent price

Stop using fixed-term agreements

Switch to periodic tenancy templates

Check which tenancies go periodic

Stop taking rent before signing

Take no more than one month’s rent

Move all evictions to Section 8

Train staff on new notice rules

Create Section 13 process flow

Add two months to rent reviews

File court claims for Section 21s

Update landlord move-in grounds

Update landlord selling grounds

Send the RRA Information Sheet

Create written terms where missing

Update How to Rent processes

Review tenant screening questions

Update pet request processes

Stop backdating rent increases

Discuss rent protection backbooks

Act now before it is too late...

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Goodlord Group, Business, Tenants, Rent Protection, Insurance

Rising demand for insurance as economic uncertainties grow

Data from Goodlord and Vouch shows a year on year jump in the use of rent protection amongst letting agents.

The Goodlord team

Nov 25, 2022

The latest data from Goodlord and Vouch has shown a rise in the number of letting agents supporting their landlords against rental arrears or income disruption.

Comparisons show that 17% more letting agents are purchasing Rent Protection Insurance compared to this time last year (September/October 2021 vs September/October 2022).

Such change points towards how letting agents are further diversifying their propositions to best serve landlords amidst extensive economic and legislative challenges.

Despite the tumultuous conditions of 2020 and 2021, which included extensive eviction bans, a sizeable rise in demand has been recorded by the two RentTech platforms over the last year, reflecting the economic uncertainty currently felt across the sector.

According to Goodlord’s monthly Rental Index, average tenant income is 12% higher year-on-year across England.

But, with rental costs now 10% higher compared to 2021, combined with rising utility bills and spiraling food prices, tenants are feeling the pressure. This is prompting many landlords and agents to put insurance measures in place.

Most rental insurance policies help cover legal costs associated with evictions or the recovery of rent arrears. They also ensure landlords can receive income whilst properties involved in any disputes are vacant.

Oli Sherlock, Director of Insurance at Goodlord, comments:

“There was a big uplift in demand for rental insurance products during the pandemic, but this demand has only intensified over the last year. As the economic waters become choppier, agents are quite rightly altering their proposition to support landlords accordingly - loss through non-payment of rent can have major consequences for individual landlords.

"Landlords and agents that have insurance in place can safeguard against this and ensure they have the support needed to legally and constructively navigate any issues that might arise.”

Rising demand for insurance as economic uncertainties grow

Further reading

Rents stay red hot across England during August 2023 - Rental Index

Heatwave fails to cool market as lettings stay hot

Rental market enjoys warm December as demand remains strong - Goodlord Rental Index

New templates: Rents up 7% year-on-year across England

May rental costs increase with the highest rates in six months