Save up to 95%* on a rental deposit
Can’t afford a rental deposit? Walton & Allen estate and letting agents has the solution.
When looking to rent a property you are typically charged around 5-8 weeks rent as a security deposit, as well as the usual month’s rent in advance. Most tenants are already living in rented accommodation and will not receive this back until after they have had to pay another deposit for a new property. Obviously this is a lot of cash and would be better off in your account!
Walton & Allen are offering a solution to this problem where you may never have to pay another deposit ever again! It comes in the form of an insurance model, underwritten by Hiscox Underwriting Ltd. For a small yearly one off fee you are covered in the same way as a rental deposit and will have the left over cash to spend on moving essentials. The cost of the insurance policy is around 5-15% of the deposit value of the advertised property.
There is a small additional charge of 5% in additional rental costs per calendar month.
How do you apply?
You can set yourself up with a RentPassport™ on the InsureStreet app that validates your profile in 10 minutes and provides an instant insurance quote to cover your deposit. This is free of charge. Once you received your RentPassport™ on your iOS device, email us at email@example.com and we’ll take it from there. Download on the App Store
If you don’t have an iOS device you can use their web app available here.
*Savings based on risk profile as judged by background checks and risk rating algorithm. Insurance products priced at a minimum risk premium of 5% of deposit value; the more data you share with us, the better your individual rating will be.