Atec-owned broker launches wholesale rent guarantee products

Atec-owned personal lines broker Ceta has launched four new rent guarantee propositions for intermediaries.

Following the implementation of the Renters’ Rights Act 2025, the new product suite seeks to support the broker’s landlord clients in navigating the changes. 

Since a number of the reforms came into force, the median time to possession has increased to 27 weeks and landlords are experiencing a minimum of four months’ rental income loss before section 8 proceedings can even commence. 

The broker said that rent guarantee claim durations are forecasted to rise between 75-100% and legal expenses volumes by 150-200% over the next few months.

Ceta’s new products include a 12-month product with zero months of excess, a 12-month product with two months excess, an 18-month product with zero months of excess and an 18-month product with two months excess.

James O’Hara, commercial director at Ceta, said: “Having the right protection in place against unpaid rent and tenant disputes is more important than ever.

“Standard six-month cover is no longer sufficient – cover of 12 to 18 months is more aligned to the current possession timelines facing landlords, because of the potential for longer arrear thresholds and significant court delays.

”We’re therefore delighted to lead the market by providing intermediaries and their landlord clients with a range of flexible cover options that ensure cover remains accessible and aligned to the real world impact of these far reaching legislative changes.”

’Changing risk’

The product is underwritten by Addept Insurance and each of the four products includes £50,000 cover for legal expenses.  

Richard Finnan, managing director at Addept, said: “Private sector landlords are facing significant disruption as a result of the act.

“We’re delighted to support Ceta as they bring to market products designed to mitigate the legal risks and protect against rent arrears and repossession costs.  It’s great to work with partners who, like us, have the expertise to move quickly and help intermediaries respond to the changing risk and regulatory environment of today’s rental market.”