Rent Default Insurance

Rent Default Insurance
Protect Your Investment

Safeguard your investment and secure your rental income with our comprehensive and reliable Rent Default Insurance at Solid Iberia. We understand how crucial it is for landlords to ensure the stability and security of their income, which is why we offer tailored solutions to protect you against potential defaults. Our Insurance provides you with comprehensive coverage, including guaranteed payment of rents, legal assistance in case of disputes, and eviction costs, among other benefits.
Why Rent Default Insurance?

If your tenant fails to pay, you can continue to collect your rental income, manage your expenses, and recover your property after evicting the defaulting tenant. This insurance is the perfect complement to your residential or commercial lease agreement.

This policy is designed for homeowners renting to third parties as a primary residence. In the event of tenant defaults, all property owners will ensure they receive their rental payments.

Advantages of Rent Default Insurance

It offers protection against defaults, property damage, and legal issues.

Collect Rent Even if the Tenant Doesn't Pay: You'll continue to receive rental income during tenant default.
Financial Compensation for Property Damage: Receive indemnification for damages caused by vandalism.
Legal Advice and Defense: Get assistance to defend your rights as a property owner.

Additionally, by calculating your rent default insurance with our brokerage, the insurer may cover up to €200 per month for unpaid utilities (electricity, water, gas, community fees, etc.) for a maximum of 12 months.

What Does Rent Default Insurance Cover?

Here are some of the coverages included in the rent insurance policy:

Telephone Legal Assistance: A team of lawyers specializing in various areas of law is available to resolve any questions you may have as a property owner. You can call them as often as you need using the phone number provided in your policy documents.
Claims and Defense in Lease Agreements: In case of contract breaches, your lawyers will defend and claim on your behalf through amicable or judicial means, such as for unpaid rent, utility bills, taxes, damages to the property, deposit amounts, or eviction processes.
Extracontractual Damage Claims: If someone damages your property without having a contract with you, this guarantee will cover such situations.
Defense Against Criminal Liability: If you receive a complaint or face criminal responsibility claims, our lawyers will represent you to ensure the best defense without additional costs.
Who Pays for Rent Default Insurance?

Typically, the property owner assumes the cost of the insurance, although alternative agreements may exist. However, requiring the tenant to take out insurance can be counterproductive, as if they fail to pay rent, they are likely to neglect the insurance premium as well, leaving the owner unprotected.

Opting for Rent Default Insurance is a smart decision, as it protects the owner from significant financial losses and ensures a safer and more profitable long-term property management strategy.

Get a Quote

    Prefer to be contacted through:

    Need information and price for:

    All Personal Insurances