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Arc Legal provides AXA Landlords with direct access to tenant referencing services.
Arc Legal Assistance (Arc Legal), the bespoke legal costs insurance provider, has launched a tenant referencing and legal expenses package with AXA Insurance (AXA), that provides landlords with direct access to information on tenants before entering into agreements.
In an exclusive contract with financial risk analysts, Experian, Arc Legal enables landlords insured by AXA, to run credit and other financial checks on residential tenants using Experian’s ‘Check My Tenant’ tool – one of the most advanced and comprehensive tenant verification services available, a service previously only available for letting agents – and for commercial tenants, the ‘Busibody’ business credit checking tool. Both are accessible online.
The service will be offered in addition to legal expenses cover to customers of AXA’s Buy to Let and Small Commercial Property Owners product. The cover includes costs of tenant eviction, defence of criminal prosecutions and pursuit of non-tenancy property disputes. Commercial property owners also receive business legal costs insurance, which covers the other commercial risks that professional landlords face such as employment disputes and tax investigations.*
Mike Keating, Managing Director of Personal Lines Intermediary at AXA said: “Arc Legal’s experience in this sector means we benefit from their ability to develop tailored services for landlords, delivering real value to the customer. Direct access to tenant’s references ensures landlords have all the relevant information they need to protect their assets.”
Richard Finan, Director of Arc Legal said: “Working with Experian enables Arc to offer a powerful referencing tool as a key part of our specialist landlord and tenant products. We work with many other referencing companies however Experian were the only provider able to deliver a ‘direct to landlord’ solution for AXA. We have built a very specific niche in this sector and will continue to grow and develop bespoke products that offer important differentiators to insurers and brokers alike.”
Arc Legal is also providing direct internet access to specialist property lawyers and other resources such as downloadable landlord and tenant template documents, and discounted uninsured commercial legal tenancy services.