Rent Rescue Talks Rent Default Coverage in Insurance Journal
InsuranceJournal.com recently published a piece on rent default coverage that features Rent Rescue & CEO Aaron DiCaprio.
The article explains that real estate investors and property managers have a new way to protect their cash flow. Rent default insurance reimburses property owners up to six months of lost rent if a tenant defaults.
The product helps residential investors of one or two units all the way up thousands of units.
Rent default insurance goes beyond security deposits and tenant screening and allows landlords in the U.S. to insure the risk of default similarly to how they do against fire, flood, and other property-threatening risks.
Available for single-family homes, townhomes, condo units and more, the average monthly cost is $25 per unit.