Loss of Rental Income Insurance
When rental income stops, your property expenses do not always stop with it.
A tenant who fails to pay rent can quickly affect your cash flow, especially if you rely on rental income for bond repayments, levies, rates or monthly expenses.
Loss of rental income insurance helps landlords protect against covered rental income interruptions.
Rental risk cover can help with
- Missed rental payments
- Tenant default
- Rental arrears
- Legal costs linked to recovery
What Is Loss of Rental Income Insurance?
Loss of rental income insurance is cover that helps protect landlords when expected rental income is lost due to covered events.
For landlords, this often relates to tenant default, rental arrears or certain rental-related risks, depending on the policy.
What Can Be Covered?
Cover may vary by insurer, but may include:
- Missed rental payments
- Tenant default
- Rental arrears
- Legal costs linked to recovery
- Eviction-related support
- Certain tenant-related losses
Why Landlords Need This Cover
Rental income is often used to pay for property costs. When rental income is interrupted, the landlord may need to fund these costs personally.
- Home loan repayments
- Rates and taxes
- Body corporate levies
- Maintenance
- Insurance
- Managing agent fees
Suitable For
This cover may be suitable for:
- Buy-to-let landlords
- Property investors
- Private landlords
- Owners of residential rental units
- Landlords with bonded properties
- Landlords who rely on rental cash flow
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Protect your monthly rental income with cover designed for South African landlords.