If you own a property that you rent out, default insurance covers you against tenants who stop paying the rent, as well as the legal costs of starting eviction proceedings if they become necessary. It is one of the insurance products our WeSeguros team receives the most enquiries about, and with good reason: a single month of non-payment already offsets a good part of the policy's annual cost.<\/p>\n
The main cover is payment of the monthly rent the tenant fails to pay, normally for a period of up to 12 months. Most policies also add legal defence for the eviction process, and some include damage to the property caused by the tenant or loss of rent while the property stands empty after the eviction.<\/p>\n
The price depends mainly on the monthly rent and the tenant's risk profile: as a rough guide, it usually falls between 3% and 5% of the annual rent. For a rental of \u20ac700\/month in Alicante, that works out at roughly \u20ac250 to \u20ac420 per year —a small figure compared with the risk of several months without income.<\/p>\n
Before issuing the policy, the company assesses the tenant's creditworthiness: recent payslips or tax return, type of employment contract and, in some cases, a solvency report. That is why it is best to take it out before signing the tenancy agreement, not after: that way you can use the solvency check as part of your tenant selection process.<\/p>\n
Each insurer sets the price, waiting periods and what is or isn't included in the legal defence cover differently. At WeSeguros we compare several companies for your specific case and explain the small print before you sign, at no cost for the comparison.<\/p>\n
If you own a rental property in Alicante, request your rental default insurance proposal with no obligation.<\/p>","protected":false},"excerpt":{"rendered":"
If you have a property to let, default insurance covers you against tenants who stop paying. We explain what it includes, how much it usually costs and what the insurer asks for before you take it out.<\/p>","protected":false},"author":2,"featured_media":326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8],"tags":[],"class_list":["post-323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-seguros"],"_links":{"self":[{"href":"https:\/\/staging.wereal.es\/en\/wp-json\/wp\/v2\/posts\/323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.wereal.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.wereal.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.wereal.es\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.wereal.es\/en\/wp-json\/wp\/v2\/comments?post=323"}],"version-history":[{"count":0,"href":"https:\/\/staging.wereal.es\/en\/wp-json\/wp\/v2\/posts\/323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.wereal.es\/en\/wp-json\/wp\/v2\/media\/326"}],"wp:attachment":[{"href":"https:\/\/staging.wereal.es\/en\/wp-json\/wp\/v2\/media?parent=323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.wereal.es\/en\/wp-json\/wp\/v2\/categories?post=323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.wereal.es\/en\/wp-json\/wp\/v2\/tags?post=323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}