The situation around COVID-19 is continually evolving and moving at pace and it is therefore with regret that we need to inform you that the underwriter of our Landlords Legal Expenses product, Arc Legal, have instructed that New Business will no longer be accepted from Tuesday 24th March. We have received no notice of this decision and are letting you know as soon as we have been able to.
The main reason for this is the new Government legislation to ban evictions for 3 months, which leaves the insurer without the ability to evict a tenant on behalf of the landlord and would also increase the exposure to the insurer in relation to any rental arrears. Other insurers have also withdrawn products.
As our Landlords Legal Expenses product has Rent Guarantee included as standard, we are currently working with Arc Legal on a solution to offer a Landlords Legal Expenses product without Rent Guarantee included. We will communicate what this looks like as soon as we are able. In the meantime we are temporarily suspending the ability to add Landlords Legal Expenses to a Landlords Insurance quote.
As a result the following messages have been added to the website this morning:
On the results page:
When trying to add Legal Expenses:
As a news article:
We have had to move at pace to withdraw the product from our site. We hope this does not cause you too much of an issue and it is a market wide withdrawal rather than Uinsure specific.
