No, it’s better than that. Flatfair facilitates faster payouts for lawful end of tenancy charges (i.e. damages and rent arrears) through our platform, and in cases where the tenant doesn’t pay, we may offer to buy those charges from you up to a total value of 12 weeks’ rent.
Insurance sends the wrong message to tenants, i.e. “Do as you please, because I’m covered”. It can also take months to process and pay out for the end of tenancy charges (assuming the charges are covered at all based on the rigid conditions that apply under insurance policies).
With our model, you don't have to worry about any of these things.