Home rental insurance: what it is and why you are interested 2026

Having a rented property can be a headache if you get bad tenants. In particular, if they destroy your house or because they are late with payments . If this is the case, you can take advantage of home rental insurance. We tell you what it is and why you are interested.

• 5 safety tips before renting your house

The landlord can look a little vulnerable depending on the situation you are in. At the end of the day, you're bringing people you don't usually know onto your property. Normally nothing happens, but the situation can get complicated.

Imagine that your tenant does not pay you one month's rent. He explains to you that he has forgotten and that it will not happen again, but it becomes common . Most likely, you don't know the best course of action or how to get that money back. This is where default insurance comes into play.

Home rental insurance: what it is

If you have had bad luck in choosing the tenant , you're probably pulling your hair out. The house may be in poor condition and may not have paid you the monthly payments it owes.

Taking out home rental insurance can help you solve the situation. This service is designed for help owners and that they are not harmed in the leasing process, has many coverages.

The main service that this insurance sells is that covers non-payment of the house by the tenant . Depending on where you hire it, it also adds some very interesting coverages.

What does home rental insurance cover?

We have already told you the main task, home rental insurance is designed totake charge of the monthly payment if your tenant does not pay. If the tenant stops paying the monthly payments, you notify the insurer of the situation and process the case.

The positive thing about this insurance is thatcan cover a whole year. Let's assume that the tenant hasn't paid you for two months, since the payment would be for that period. In some cases, they even pay for twelve months at a time.

Be careful, this includes thereceipts that you have direct debit from the house. That is, if the electricity, water or gas bill reaches you and is not paid, the home rental insurance also takes care of it.

This is all very well, but surely what you want is for those tenants to leave the house. Home rental insurance also usually includeslegal advice throughout the process.

This ranges from the first calls you make with the insurer to get advice,even the lawyerswho will serve during the trial (if there is one).

Once it is finished and you have control over the property again, they can also take care of the support services . This includes changing the lock or cleaning the house.

Now that you have the house ready again, you may be afraid of bringing in another tenant and having them destroy it again. You can take advantage of theadvisory serviceThey usually offer this insurance to make sure that the next tenant takes care of your property.

Furthermore, thehouse cleaning or general care serviceIt is usually included in these insurances. This way you keep the house clean and if the tenants encounter a problem, it can be solved quickly.

It should be noted that Not all home rental insurance policies have these services. . Depending on which one you hire, it may include more or less. The ones we have mentioned are the most common.

What is the price of home rental insurance?

You may now be interested in taking out insurance of this type. It's normal, it can save you from more than one trouble, but how much does it cost? It is essential, since if it is too expensive it may not work out for you.

The cost of this service depends on many factors such as the level of protection you want to add, the services it includes or the type of company with which you make the contract. Be careful, they also usually do a study of the tenant you have.

Now, if we want to set an average price we could establish that It is around 5% of the annual rental cost . This means that if we take a lease contract for around €1,500, the insurance would be approximately €900.

Is home rental insurance worth it?

There are many factors that you should analyze before deciding to hire one of these services. Each particular case is unique , so it is difficult to give a general recommendation.

If you have had previous bad experiences with the tenants of your house and paying for this service does not take a lot of money out of your finances, it can be very interesting to take out home rental insurance.

Furthermore, in this way you make sure the house is going to be clean and you add an extra layer of security to your home. If something goes wrong with the tenants, you will have the means to fix everything and continue receiving that money monthly.

En Yoigo AlarmsWe care that your property is as safe as possible. If you want to give it extra protection, do not hesitate to enterour websiteor call900 622 398so that our exporters can advise you.

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