We pay the rent when your tenants don't.

Get comprehensive rent guarantee insurance from RentRescue

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How does rent guarantee insurance help you?

Get compensated for loss of rental income

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.

Pays legal expenses for evictions

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?

How it works

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.

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You’ll get paid up to 6 months of rental income when the tenant default is due to an abandonment or eviction.

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.

You’ll be covered up to $1000 of legal fees when you need to evict your tenant.

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.

You can protect rental income of single-family homes, townhomes, condos and multi-family properties.

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!

You qualify for RentRescue’s rent guarantee insurance if your tenants meet the following criteria:

  • 650+ credit score
  • No bankruptcies in the last 5 years
  • No evictions in the last 5 years
  • No rent arrears in the last 12 months
  • Can satisfy the financial terms of your lease

Frequently Asked Questions

Have a question about just how RentRescue protects your rental investment? Have a look through the FAQs below or contact us today.

What is rent/tenant default insurance?

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.

What does the policy cover?

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.

Are any of my legal expenses covered?

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.

What types of investment properties are eligible for coverage?

Our rent default insurance is for single family homes, townhomes, condo units and multifamily dwellings.

When is the insurance policy triggered?

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.

Who pays the premium?

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.

What underwriting factors are used to calculate my premium?

Your premium is based off of your unit's monthly rental income.

Does the insurance policy provide liability and property damage coverage?

No; it's strictly for rent default.

Can I purchase rent default insurance for my seasonal, vacation or short term rental properties?

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.

How do I qualify for coverage?

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.

Can I purchase a policy to cover a unit currently being occupied by a tenant?

Yes; so long as our underwriting criteria is met.

Do I need to cover all of my units at one location?

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.

I have units in different states, will they be covered under one policy?

No; there will be one policy issued per state.

What's the maximum monthly reimbursement for units in default?

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.

What's the policy term for this insurance?

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.

Do I need to repurchase Rent Rescue when my tenant moves out of my unit?

No; you only need to verify that the new tenant(s) meets our qualification criteria. This can be done from your account dashboard.

Is Rent Rescue available in my state?

Rent Rescue will soon be available in all 50 states. Click here to see if your state's covered.

What steps must I take before I can submit a claim?

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.

How do I submit a claim?

Simply go to the Make a Claim page on our website and follow the instructions.

What information do I need to provide when submitting a claim?

All of the information you need to submit a claim can be found on our Make a Claim page.

When do I receive my reimbursement?

Payment is made to you on a month to month basis per the terms of your insurance policy.

How soon after submitting my claim will I receive payment?

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.

Is the insurance tax deductible?

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.

Which insurance company supports Rent Rescue?

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.

Who will pay my claims?

Your claims will be paid by our insurance company partner.

Guarantee your rental income and gain peace of mind for less than $1 per day.

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.

  • You’ll get paid up to 6 months of rental income when the tenant default is due to an abandonment or eviction.
  • You’ll be covered up to $1000 of legal fees when you need to evict your tenant. All for less than a $1 per day.

Would you like to know how much it’ll cost to protect your rental income?

Here’s how:

  1. Click “Get a Quote”
  2. Fill out your information
  3. You’ll be emailed a detailed quote

What’s peace of mind worth to you? Find out today!

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