Addept Insurance Services has created, in partnership with broker Nice 1, a dedicated rent guarantee and legal expenses product. It is aimed at landlords and local authorities providing social housing in England and Wales.

The rent arrears and eviction cover also provides policyholders with a mediation and rehousing service to assist in resolving rent difficulties between landlords and tenants.

Richard Finan, managing director of Addept Insurance, said: “Landlords and local authorities offering social housing face key areas of difference from those in the private rental sector.

“Our solution has been developed to address these with a more responsive and relevant scope of cover, claims reporting requirements and pricing that enables social housing landlords to effectively mitigate the risks and protect against rent arrears and repossession costs.”