InvestorQ : What is loss-of-rent cover?
Shobit Khurana made post

What is loss-of-rent cover?

Nishita Gala answered.
3 years ago

Loss of rent cover or rent guarantee insurance is a form of insurance wherein the insurance company will cover the income that the landlord (and in this case a policyholder) will suffer when tenants don’t pay rent.

This kind of insurance goes one step further to also cover a landlord’s legal costs to pursue legal cases for damages or injunctions against the tenants who breach the terms and conditions of their agreement.

Rent guarantee insurance can help you be protected against all kinds of risks that you may be prone to against tenants.

Rent guarantee insurance is not a new term or a new concept, this plan is available all over the world but insurance companies use different terms such as Rent Guarantee Insurance, Landlords’ Insurance, Landlord’s Rental Property Insurance, etc.