Protect Your Investment
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.
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:
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.