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Income Protection Insurance for Renters

Moving into a new home is a great adventure. Protect yourself (and your landlord) against unexpected plot twists, such as loss of income, with Income Protection insurance from Cover2Me.

If you are renting your home, income protection insurance may help you to continue to meet your rent and household bill payments for set period if you are unable to work due to accident, sickness  or unemployment.

Family relaxing in new home.

For Landlords

Income protection insurance for renters supports your tenants' financial securtiy.

Depending on their choice of policy, it can help them to continue to maintain their rental commitments to you in the short-term if they should unexpectedly find they are unable to maintain their regular working income due to accident, sickness and unemployment.

Benefits for Renters

There are many benefits to taking out an Income Protection policy if you are a renting your home. With a successful claim, these include:

  • Financial help to make your monthly rent payment in the short-term if you lose your regular income
  • Extra security for your home, your lifestyle and the people you care about if you are unable to work
  • Reduce the anxiety of being unable to pay bills if the unexpected occurs
  • Reassurance for your landlord in the event that you are unable to work whilst you are their tenant

Renting and Income in the UK

Any of us can experience loss of income due to accident, sickness or unemployment at any stage in our working lives. With more and more people choosing to rent their home, income protection can help you to continue to make ends meet if the unexpected occurs.

  • In 2021, 4.4 million (aprox') people live in privately rented homes in England alone 1
  • Around 12% of UK residents have less than 1 month's salary available to them 2
  • Statutory Sick Pay is just £99.35 per week, this alone is unlikely to be enough to maintain the cost of living in the event of being unable to receive a regular wage 3
Sources: 1. ONS Report, 2021, 2. Under Pressure - Financial Fairness Trust Report, 2022, 3. Gov.uk, 2022 - All information correct at time of writing.

Quick Links

Policy Documents

From the Product Benefits document to the latest Policy Wording and the Insurance Product Information Document (IPID), visit this section to download documents related to your policy, or to check our cover in more detail.

Frequently Asked Questions

Answers to some of the most frequently asked questions about income protection can be found in this section. If you don't find the answer you are looking for please don't hesitate to contact us.