Most rent guarantee insurance policies require landlords to go through careful checks on tenants before signing contracts. This includes ensuring tenants have references from someone such as a previous landlord or employer, or ensuring they have a registered guarantor that will cover the rent if the tenant fails to pay. This in addition to credit checks is an essential step of showing providers that you have done your duty to find reliable tenants. Always check the policy wording before signing up to make sure you get paid if needed.