Rent protection insurance – or rent guarantee insurance – is a type of home and commercial property insurance that has become essential for property owners. Would you like to learn more on this type of insurance and what it actually covers? Today’s article by ShBarcelona will tell you more about it.
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This type of insurance provides exactly the kind of security property owners need when it comes to collecting rent. But insurances, as we all know, cover different things, and the type of insurance in the end depends on the needs of the landlord and his or her tenant. So whether you should opt for an insurance with more, or less, coverage, depends totally on your personal situation.
There are several types of rent protection insurance, and these are basically divided into two:
As already mentioned, an insurance for non-paying tenants offers different types of coverage. It is important to be aware of this, in order for you to decide what insurance suits you best:
Related article: Owners: 6 tips to safely rent out your flat
In conclusion, the expenses mentioned below are included in the insurance’s legal defence in case rent is not being paid:
Is there something else you would like to know about rent protection insurance?
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