Goodlord has partnered with insurance managing general agent Elevate Specialty to launch a suite of insurance products designed to address the changing requirements of the rental sector under the Renters’ Rights Act.
The partnership introduces a landlord and rent guarantee insurance product embedded within the Goodlord platform, aimed at providing protection against rental income loss and legal expenses in a rental market shaped by longer tenancies and changes to possession rules.
The companies have also launched Goodlord Rent & Bills, an income protection product intended to help tenants cover rent and household bills if they are unable to work.
Goodlord said the products had been designed around the requirements of the Renters’ Rights Act and Consumer Duty as landlords, agents and insurers adapt to the sector’s regulatory changes.
Mickey Attia, chief executive of Elevate Specialty, said: “The rental market is changing fast, and insurance needs to keep up.
“We’ve built this proposition with Goodlord to be Renters’ Rights Act-ready from day one, focused on early resolution and real customer outcomes, not friction and delay.”
Oli Sherlock, managing director of insurance at Goodlord, said: “Our agents and their landlords want protection they can trust, and that reflects how the market actually works today.
“By embedding rent guarantee, guarantor services and tenant income protection directly into our platform, we’re making protection simpler, more relevant and easier to access. This is about delivering real value at every stage of the tenancy.”