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Tenant Default Insurance

Protect your investment

Tenant Default Insurance protects your residential investment property against tenant default, providing peace of mind and eliminating landlord headaches.

Fudge Insurance partners with Steady & Rent Rescue to offer a policy that reimburses a residential landlord up to 6 months of lost rent due to tenant default and, in the event of an eviction, pays $1,000 of legal expenses. All for an average annual premium of $300 per unit (that’s $25/month!).

  • Up to 6 months of lost rent when default is due to abandonment or eviction
  • Up to 3 months lost rent when default is due to court order, military deployment or tenant death
  • Pays $1,000 of legal expenses to pursue eviction
  • Single family homes, townhomes, condos and multifamily dwellings (i.e., long-term rentals)
  • Property damage or liability
  • Vacation, seasonal or short-term rental units
  • When a tenant temporarily vacates the unit due to uninhabitability

To qualify, a landlord’s tenant must meet the following criteria:

  • No bankruptcies or evictions during the last 5 years
  • No rent currently in arrears or in arrears for 30+ consecutive days during the last 12 months
  • Tenant must be able to satisfy financial terms of lease

Tenant Default Insurance can often be passed along to the tenant or taken as a tax deduction (consult your accountant or tax attorney to see if you qualify), and is backed by one of the largest insurers in the world.  Get a quote today:

 

Steady

 

Rent Rescue

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