Rent Default Insurance
Protect your rental income against the unexpected. For a flat $35/month, get coverage of up to two months' rent after the security deposit is applied to all tenant-responsible turnover and reletting charges.
What's covered
Up to 2 months' rent covered
Covers up to two months of rent after the security deposit is first applied to all tenant-responsible turnover and reletting charges.
Paid on final accounting
Payable once the deposit and reletting charges are fully accounted for and complete claim information is known — ensuring you receive the maximum eligible claim amount.
Typically 30–45 days after repossession
Claims are generally received and paid within 30–45 days of repossession, unless the final accounting is known sooner.
Possible advance
When final amounts are fully known and confirmed to be covered, management can sometimes advance all or a portion of the claim.
Frequently asked questions
What exactly does Rent Default Insurance cover?
It covers up to two months of rent after a tenant default and repossession. Importantly, the security deposit is first applied to all tenant-responsible turnover and reletting charges — the coverage then addresses the remaining lost rent, up to the two-month maximum.
When is the claim paid?
The claim is payable once the security deposit and reletting charges are fully accounted for and complete claim information is known. This ensures the claim is calculated for the maximum eligible amount rather than being underpaid on incomplete figures.
How long does it take to receive payment?
Claims are generally received and paid within 30–45 days after repossession, unless the final accounting is known sooner.
Can management advance the funds before the claim settles?
In some cases, yes. When the final amounts are fully known and confirmed to be covered, management can sometimes advance all or a portion of the claim ahead of settlement.
How much does it cost?
It's a flat $35 per month for each enrolled property, added to your monthly management statement.
Can I add it to more than one property?
Yes. You can enroll as many of your properties as you'd like — the $35/month rate applies per property.
Ready to add Rent Default Insurance?
Select it during sign up and your dedicated property manager will take care of the rest.