Guaranteed rent insurance for landlords
Rental guarantee insurance is a type of insurance policy for landlords that covers rent if it is not paid by tenants. Rental guarantee insurance is a type of insurance policy for landlords that covers rent if it is not paid by tenants. Ultimately, rental guarantee insurance can be useful, but it’s an expense that some landlords may be able to avoid by carefully reviewing tenants. Ultimately, rental guarantee insurance can be useful, but it’s an expense that some landlords may be able to avoid by carefully reviewing tenants.
Steady’s rental guarantee insurance covers six weeks to six months of loss of rent per year and allows landlords to initiate the eviction process (if necessary) without sacrificing monthly rental income. Rental guarantee insurance is a type of landlord insurance that can cover your rental income if your tenants are unable to pay their rent. In return for an insurance premium, a landlord receives a rental guarantee — namely that the insurance company will provide the lessor with the lost monthly rent payments for a set period of time, as stipulated in the insurance contract.
