Even the best tenants can have difficulties or accidents that can result in lost rent (inability to pay rent). Get peace of mind for less than a $1 per day. Protect your rental income with Rent Default Insurance.
Life happens, even to tenants. With Rent Default Insurance, you’ll receive $1000 to pursue an eviction (on top of your rental income reimbursements). What’s peace of mind worth to you?
RentRescue is a rent default insurance that pays you (rental owners and landlords) for lost rental income due to a tenant default (when your tenant cannot pay you the rent). It also reimburses a landlord for certain legal expenses associated with the tenant eviction.Get a Quote
Plus, get paid up to 3 months of rental income when a tenant vacates your unit due to a court order, military status or their death.
Yes! That’s right! RentRescue’s rent guarantee insurance pays you for your reasonable legal expenses related to lawfully removing a tenant from your unit. This includes court costs and fees relating to service of process and hiring an attorney.
Seasonal, vacation and short-term rental properties are specifically excluded from the coverage of this policy. Protect your rental income on long-term rentals today!
Have a question about just how RentRescue protects your rental investment? Have a look through the FAQs below or contact us today.
It's insurance that remiburses a landlord their lost rental income when a tenant defaults. It also reimburses a landlord for certain legal expenses associated with the default.
The policy pays up to 6 months reimbursement when a tenant default is due to abandonment or eviction and up to 3 months when a tenant vacates the unit due to court order, military status or their own death.
Yes; the policy will pay up to $1,000 to cover your reasonable expenses (court costs and fees relating to service of process and hiring an attorney) to lawfully remove a tenant from the unit.
Our rent default insurance is for single family homes, townhomes, condo units and multifamily dwellings.
Your policy is triggered on the date that rental income becomes in arrears for a particular rental unit or in the case of the death of the sole tenant of the rental unit the date that the first payment would have been due after the death of the tenant.
You as the landlord pay the premium. Many landlords pass along this nominal cost to the tenant or take it as a tax deduction. Please consult your accountant or tax attorney to see if you can do the same.
Your premium is based off of your unit's monthly rental income.
No; it's strictly for rent default.
No; those types of investment properties don't qualify for coverage. Rent Rescue is tailored for single family homes, townhomes, condo units and multifamily dwellings.
You need to warrant that your tenant has a 650 or better credit score, hasn't been evicted or filed for bankruptcy in the last 5 years, hasn't had any rent in arrears over the last 12 months and can satisfy the financial terms of the lease. If that criteria is met, then you can purchase our rent default insurance.
Yes; so long as our underwriting criteria is met.
Yes. We require all eligible units at a location to be covered. However, we realize there are unique circumstances and are happy to discuss them with you. Just contact us here.
No; there will be one policy issued per state.
The most we'll pay in a given month will be $5,000 per unit unless we've made an exception and agreed to a different amount.
The insurance policy covers the term of your lease with the tenant but no longer than 12 months. You'll need to renew your policy once it expires on the date shown in your policy's declarations.
No; you only need to verify that the new tenant(s) meets our qualification criteria. This can be done from your account dashboard.
Rent Rescue will soon be available in all 50 states. Click here to see if your state's covered.
Your policy is triggered on the date that rental income becomes in arrears for a particular rental unit or in the case of the death of the sole tenant of the rental unit the date that the first payment would have been due after the death of the tenant. You can submit your claim once either of these events occur and must also take all steps legally available to remedy the nonpayment of rent and re-lease the unit in a timely manner.
Simply go to the Make a Claim page on our website and follow the instructions.
All of the information you need to submit a claim can be found on our Make a Claim page.
Payment is made to you on a month to month basis per the terms of your insurance policy.
Your reimbursement will be sent to you within 30 days after we receive all of the necessary paperwork and providing you complied with all of the terms of the insurance policy.
Many landlords deduct a portion of the insurance premium. We suggest you contact your accountant or tax attorney to see if you can do the same.
Rent Rescue is backed by one of the largest insurance companies and reinsurers in the world rated A+ by A.M. Best and AA- by Standard & Poor's.
Your claims will be paid by our insurance company partner.
Life happens, even to tenants. If you own a rental property you understand that there’s always a risk of your tenant being unable to pay the rent. That’s life. Now, you no longer have to worry! Having a rent guarantee policy will allow you to protect your rental income in a situation where your tenant can’t pay the rent.
What’s peace of mind worth to you? Find out today!Get a Quote