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 reference real estate portals in Spain

Given the importance of the Internet today, real estate portals have become a fundamental tool for real estate agencies, as it is an essential opportunity to reach more customers and users of the network. The numbers do not lie: according to Nielsen Online, more than 5 million people came ......

Guidelines for saving energy at home

Both at the level of saving for the family and to take care of the environment, energy saving is a fundamental concept. For these reasons, we must all be aware of responsible consumption. Here are some ideas to save energy in our homes. Content1 Electricity2 Lighting3 Appliances4 Air conditioning and heating5 Temperature and Insulation6 ......

Social networks for real estate: Facebook

Facebook is the social network where most people and companies are. Its management will require an effort, since to keep it active, we must share useful, diverse and quality content. Facebook is the most widespread social network, with more than one billion users. We all know the "like" or the "share", ......

Real Estate Photography Guide

It is already available in our section of Ebooks in free download our Guide of Real Estate Photography, realized with the collaboration of Inmopc and Your Real Estate Training. In it we emphasize the importance of improving the photographs of the buildings. There is a concept called "sensory marketing" that companies use in order to be original and ......