Rent non-payment insurance is an essential tool for landlords seeking to protect their investments and ensure the stability of their income. In the Canary Islands, Canarisk offers comprehensive coverage that includes a variety of guarantees designed to provide peace of mind and security. Below, we detail the main guarantees offered by this insurance and how they can benefit you.

Defense and claim of the lease contract

One of the most common concerns for landlords is the possibility that tenants will stop paying rent. With rental non-payment insurance, the company is responsible for unpaid monthly payments as well as legal costs derived from non-payment during the contracted period. Through the intervention of a specialized legal team, the insurer will ensure that your property is vacated in the shortest possible time, thus minimizing economic losses.

Vandalism to the continent and content

At the end of the eviction process, it is possible to find damage to the home or furniture. Canarisk's rental non-payment insurance includes a guarantee that covers acts of vandalism to both the container (structure of the home) and the contents (furniture). The company undertakes to compensate you for the damages caused up to the limit agreed in the policy, ensuring that your property is in optimal conditions to be rented again.

Loss of rent due to fire

In the event that your home becomes uninhabitable after a fire, the company will pay you the monthly rental payments that you would lose during the time that you cannot rent your property. This guarantee is crucial to maintaining the stability of your income while necessary repairs are made. Payment will be made up to a limit established in the policy, providing you with financial support during difficult times.

Defense of criminal liability

If your tenant has denounced you, the insurance company will defend you as the landlord. You will have a lawyer who will represent you, at no additional costs, guaranteeing the best possible defense. This guarantee is especially useful in complex situations where specialized legal advice is required to protect your rights as an owner.

Telephone legal assistance

Do you have questions about who should repair the washing machine or other legal aspects of the lease? The company provides you with a free telephone number that you can call to find out about your rights and obligations as a landlord. This telephone legal assistance is a valuable tool to quickly resolve any lease-related concerns.

Locking costs for eviction

In the event of a judicial launch, the company guarantees the expenses derived from changing the lock. This guarantee ensures that your property will be protected and ready to be rented again without incurring any additional unforeseen expenses.

Additional benefits of rent non-payment insurance

In addition to the guarantees mentioned, rent non-payment insurance offers multiple benefits for owners:

• Tranquility and security: Guarantee rent collection and protect your investment.
• Legal support: The insurer takes care of the legal paperwork, simplifying the process for homeowners.
• Integral protection: Additional coverage for damage and vandalism.

Canarisk non-payment insurance offers complete protection for landlords, ensuring rent collection and providing legal support in case of problems with tenants. With these guarantees, owners can manage their properties with confidence and peace of mind.

Are you interested in learning more about how rent non-payment insurance can protect your investment? Do not hesitate to contact us! Our exceptional advisors are ready to provide you with all the information you need and help you find the perfect solution for you. Call now and find out how we can help you!