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. Landlords who are concerned about falling behind on mortgage or tax payments, savings, or other bills paid with income from their rental properties often purchase rental guarantee insurance as a safety net to ensure that their income generating asset doesn’t become a costly liability or worse will foreclosure or ruined credit. Landlords who are concerned about falling behind on mortgage or tax payments, savings, or other bills paid with income from their rental properties often purchase rental guarantee insurance as a safety net to ensure that their income generating asset doesn’t become a costly Liability or worse, leading to foreclosure or ruining credit.
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. Rent guarantee insurance can help landlords avoid ending up in a difficult financial situation where tenants cannot pay.
