Many of the owners who were hesitant to assign a property to rent, are released to it thanks to the non-payment insurance. As we already commented in the news 22% of the Spanish rent, it has been observed that in recent years the purchase of housing has declined in favor of rent. Many …

Non-payment insurance helps to encourage rent

Real estate news, unpaid insurance encourages rental.

Many of the owners who were hesitant to assign a property to rent, are released to it thanks to the non-payment insurance.

As we already mentioned in the news 22% of Spaniards rent , it has been observed that in recent years the purchase of housing has fallen in favor of the rental. Many believe that this change of Spanish mentality is surprising, but the truth is that it goes hand in hand with the current socio-economic context.

Well, in this context the owners find the rent as a profitable activity ( prices and demand rise), but there has always been that fear that tenants will stop paying dues. Every time there are more landlords who, to be calmer and have guarantees, hire a non-payment insurance . For example, according to the Mapfre insurer, almost 20% of the owners have one of these insurances and the Idealista portal ensures that 70% of owners who have hired one, renew.

How does the default insurance work?

In general, this insurance offers guarantees to the landlord in case of problems or conflicts that the tenant may give. In the first place, the insurance studies the solvency of the future tenant requesting his work contract and his last payroll, creating a filter required as a condition of insuring the home and once the contract is signed, the owner would cover up to 12 months with his policy of rent owed whenever you notify the non-payment when it occurs. According to the characteristics of the insurance, this would proceed to the payments of the receipts and also to the legal defense and the protection of the furniture.

How much can an insurance cost?

In a house whose monthly rental fees are € 600, the cost of insurance can be between € 250 - € 400 per year.

Default insurance is taking center stage especially in large capital cities .

Other related news:

Is renting money? Many Spaniards no longer think so

The rental price has gone up 25% since 2013

The real estate online: a significant competition for traditional real estate

The real estate online burst into the sector at a thunderous pace making competition to traditional real estate. And it is that, the changes that come from the hand of technological advances are inevitable. This has also happened in other sectors, in which digital platforms are having a strong demand from the ......

Online Course: Prevention of Occupational Risks in Offices

Real-estate course on Occupational Risk Prevention. This course allows you to acquire the necessary basic level knowledge of Occupational Risk Prevention. The objective is to consolidate and improve knowledge about prevention applied to daily tasks in the workplace. The Royal Decree 39/1997, of January 17, which approves the ......

Social security real estate networks.

Beware of accidentally placing confidential information of the agency! You always have to maintain some levels of privacy. Keep in mind that the networks of companies must be public in order to have greater diffusion, so we must be very careful with the information we provide. Also, networks offer privacy options ......

Inbound marketing The aspects involved

An approach to the inbound MK (INBMK) requires knowing the aspects involved in this activity, which, at least, will be these: a) Know the different types of marketing used in each of the areas mentioned above. (1) b) Understand what some have called the client's trip. c) Know the application and performance ......