Tenrisk offers Landlord Protection Policy – a rental insurance solution for landlords, that guarantees their rental income and manages  the legal process around tenant eviction.

This rental insurance and landlord protection policy was developed in conjunction with Hollard Insurance and qualified legal experts.

The Tenrisk policy claims to offer an insurance solution that provides landlords peace of mind, financial security and hassle free involvement.

Innovative rental insurance

Tenrisk believes that "this innovative insurance product can revolutionise the property letting market and become a standard feature of property letting.

"Just as landlords pay careful attention to selecting the right tenant so too has Tenrisk, in offering the Landlord Protection Policy, chosen business partners of the highest standard.

"Hollard, who not only underwrites the Landlord Protection Policy but is also a shareholder in Tenrisk, offers excellent financial security and an innovative, dynamic and passionate business philosophy.

Specialist property attorneys

"By partnering with a group of specialist property attorneys, landlords can rest assured that this insurance solution has been designed by experts who fully understand the exposures of property letting and the legal remedies to manage such situations".

Tenrisks legal panel not only manages the legal process around tenant eviction but can offer suggested lease agreements.

Rental insurance details

Tenrisk officially launched its Landlord Protection - rental insurance - policy in 2006.

According to Tenrisk, it will "appoint experienced attorneys to handle all legal processes of eviction and provide legal costs of up to R40 000 - this process should, for most situations, see tenant eviction within 3 months of original default.

The policy will also provide rental for a period of 3 months in the case of a tenant needing eviction and one month if a tenant has absconded. This means the landlord’s bond repayments and other related expenses can be paid and the landlord is not at risk of losing a revenue producing asset which could be part of a retirement plan, a family inheritance or wealth development programme."