Insurances against loss of rent
We do not offer loss of rent insurance but most insurance companies and banks do.
There are two types of insurances against loss of rent on the market:
- insurance for which the premium is paid by the owner
- More recently, insurance for which the premium is paid by the tenant
Insurance for which the premium is paid by the owner
These insurances impose very restrictive criteria for tenant selection, automatically excluding certain tenant profiles who may nevertheless have solid financial guarantees (corporate tenants, expatriates, freelancers). Consequently, this type of guarantee is rarely relevant for our tenants.
Moreover, the eligibility of certain profiles is only verified in the event of a claim. You may end up paying an insurance prime that would be useless in case of unpaid rent!
Insurance for which the premium is paid by the tenant
This type of insurance has soared recently as it allows for the “coverage” of new tenant profiles (expatriates without a history in France, business owners, candidates with a high variable income, etc.). GarantMe is the leader player in this field.
The insurance premium is paid by the tenant (subject to the insurer’s pre-approval of the tenant’s application). The
For a corporate lease this insurance is useless. The company signature on the lease (CAC 40, SBF 120, American Blue Chips) offers an excellent payment guarantee.
For individuals our drastic selection process on both financial and motivation aspects leaves no chance for doubtful candidates. Our monitoring tools enable us to carefully check the candidate’s solvency.