Insurance against non-payment of premises, warehouse or office space
Protect your income as an owner of commercial or industrial spaces.
Insurance for any type of premises, office, or industrial warehouse rented from third parties, with legal backing and a guarantee of payment for unpaid rents.
The Non-Payment Insurance for Commercial Premises, Warehouse, or Office is designed to provide the owner with financial protection against rental payment defaults. This insurance not only covers unpaid rents by the tenant but also offers legal support in case of eviction and coverage for potential vandalism damages to the property. It is ideal for those renting commercial spaces, offices, or industrial warehouses, providing peace of mind and ensuring the financial stability of the landlord.
The main coverages include:
Non-payment of rent: Monthly compensation for the rent not paid by the tenant.
Legal advice and expenses: It covers the legal costs to carry out the eviction procedure.
Damage to the property due to vandalism: Repair of damages caused by the tenant.
Highlights
Advance of unpaid rents
Monthly coverage of unpaid rents.
Damage from vandalism acts
Repair of damages caused by the tenant.
Legal advice and expenses
Coverage of lawyers, procurators, and all costs associated with eviction.
Coverages
Non-payment of rents
Protection against rental payment default during the contracted period (6, 12, or 18 months).
Legal expenses
It covers the costs of the eviction process, including lawyers and solicitors.
Vandalism damage
Repair of the damages that the tenant may cause in the premises, office, or warehouse.
Frequently asked questions
What does rental payment default insurance consist of?
This insurance covers rent arrears, the eviction process, and vandalism damage to the rented property. The insurer manages the collection of pending rents and the necessary legal procedures.
What is a franchise?
The franchise is the part of the default that the owner assumes. If the policy has a franchise of 2 months, the insurer will cover the default starting from the third month.
What is a feasibility study?
This study assesses the tenant's ability to meet their payments by analyzing their financial and employment history.
What types of contracts are insured?
Both new contracts and existing contracts can be insured, as long as they meet the insurer's requirements.
How do I take out insurance?
First, a tenant feasibility study is conducted. Upon approval, the policy is issued once the rental contract is signed.