Is it usual to take out separate rent guarantee insurance for each letting, or can you add a new letting to an existing policy?
My situation is I already have RGI on property 1. I’m now, hopefully, about to let out property 2. Do I take out separate RGI for property 2, or can I add the new letting to the insurance on property 1?
I’m guessing separate insurance is easier, but would appreciate any comments.
Ask RGI provider. I suspect it is for each separate tenant.
Are you sure RGI is worth having? Read other posts about it before potentially wasting you money.
I’d like to believe every policy is specific to a given property or properties.
Same way your landlord home emergency insurance applies to specified property/ies
As per RGI, you are most likely going to take separate policy per tenant. even if you have a single house with multiple tenants, am sure the insurance provider will do it per tenant