LANDLORD RENTAL INCOME PROTECTION INSURANCE

RENT PROTECT

 - Loss of Job

 - Abandons Unit

 - Call to Military Service

 - Tenant Dies

 - Death of Tenant

 - Court  Terminates Lease

Now with AON Rent Protect you may protect your monthly rental income in the event of non-payment of rent on a residential unit.

 - Up to $1,000 legal fees

UP TO 3 TIMES MONTHLY RENT WHEN

 - The tenant has obtained a court order cancelling the lease for reasons other than failure to comply with the terms of the lease

 - A lessee of the rental unit is an inactive member of the military reserves and has been put on active status and required to report for duty at a location more than 50 miles from the rental unit

- The unit has been vacated due to the death of a lessee of the rental unit.

UP TO 6 TIMES MONTHLY RENT WHEN

- Tenant abandons or vacates the rental unit or;

- Tenant stops paying rent, the required notices of default are issued and the legally required steps to initiate eviction have been taken or;

- Tenant has been legally evicted following a court order

*Descriptions of coverage are generalized and for informational purposes only. Specific coverage details, as well as additional terms and conditions are contained in the policy. You should consult your policy to determine the extent of the coverage afforded to you.

Even if you have just one unit, it may cause undue hardship on you, your business or family. Why? During the lengthy eviction process, your financial losses usually continue by having to pay ongoing ownership expenses including:

While you continues to pay the carrying costs, there is a good chance your tenant will remain, living "rent free", while you absorb these costs - and aggravation. If you're not used to it  - and even if you are, it really is aggravating.

As a landlord, we insure our rental property with property and liability insurance which insures us against fire and injuries on our properties. Our policies insured us against loss of rent only if the home became uninhabitable due to fire or other insurable event.  However, we (the landlord) was never offered  insurance in the event of non-payment of  rent by our tenant.

Aon Rent Protect has been introduced by the AON INSURANCE COMPANIES, A global leader in risk management. This rental income product is extremely popular in the UK and Australia and we strongly believe that with it's introduction in the US market, landlords will begin to utilize this just as you would a liability policy on your property.

  Sample Policy