Protect Your Rental Income with Rent Default Insurance

Services for Real Estate Pros with Rent Rescue

It goes without saying that rent is the heart of a rental business. So much so, that about 59% of landlords believe that steady income is more important than credit history, according to a survey conducted by SmartMove.

The fear of tenants not paying rent is the reason why most landlords require prospective tenants to have an income that is at least three times the rental rate.

Understandably, without any rental payments coming in, you won’t be able to pay your:

  • property taxes,
  • insurance,
  • mortgage payments,
  • or any other debts and expenses.

Sure, tenant screening is critical.

However, it doesn’t guarantee a conflict-free tenancy. Even good renters can fall on hard times, which can impact their ability to pay rent.

Luckily, with Rent Default Insurance (also called rent guarantee insurance), you can rest assured that you’ll get paid in the event a tenant can’t pay rent.

This insurance reimburses you for your lost income when a tenant defaults.

What’s more, on top of your rental income reimbursements you’ll also receive $1,000 to pursue an eviction should it become necessary.

It couldn’t be simpler or better for landlords!


How Rent Default Insurance Works

The concept behind rent default insurance is pretty straightforward. As a landlord or property owner, you’ll need to take out a policy per tenancy or against a single property.

The resulting coverage will then protect you against the experience that landlords fear most.

That is, tenants who can’t pay their rent and the dreaded eviction proceedings.

By protecting yourself against negligent renters, you’ll then be able to approach your property investment with more confidence. That added confidence will then have a ripple effect on your property investment business.

For example, you’ll have the assurance to buy a second rental property, a third, and so on.


How it Helps Rental Property Owners and Real Estate Investors

As a property owner, you’ll be more confident and motivated to invest in properties. This is because Rent Default Insurance will allow you to insure (protect) your rental income.

Landlords have many things to worry about. One of the most irritating things is when tenants pay rent late or don’t pay rent at all. Rent guarantee insurance takes away this worry.

With Rent Default Insurance, you can get paid up to 6 months of rental income if the renter leaves for reasons such as abandonment or eviction. You can also be reimbursed up to 3 months of the rental income when a renter leaves your unit for reasons like military status, judicial order or death.

But what are you to do when your tenant is unable to pay rent?

Or, when they grossly violate the lease or rental agreement?

Rent Default Insurance will help you pay for legal fees related to the eviction process. Although tenant evictions can be costly and frustrating, sometimes it’s necessary.

With Rent Default Insurance, you’ll receive $1000 to help you pursue an eviction. At the same time, you’ll also be receiving reimbursements for your lost rental income for up to 6 months.

On top of this, you will also be able to have peace of mind. Without the certainty of timely rental payments, owning a rental property can be a source of constant worry.

Luckily, there's a solution!

With Rent Default Insurance, you can rest assured that your rental income is protected. And with this extra boost of confidence, you also have an incentive to invest in even more properties.



Every investment carries some degree of risk.

Rent Default Insurance helps minimize the risk associated with rental property ownership.

Rent Default Insurance offers you protection against the two biggest loss inducers – tenant’s inability to pay rent and costly eviction proceedings.

Guarantee your rental income and have PEACE OF MIND.

Aaron DiCaprio is an attorney, investor and CEO of Rent Rescue (  Rent Rescue provides rent default insurance that reimburses landlords up to 6 months of lost rent and $1,000 of legal expenses when a tenant defaults on their lease.  He can be reached at

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

How fascinating, Aaron. I had no idea this insurance existed. Can  you email me some information?

Carol Williams hi Carol... suggesting this for Second Chance Saturday.

Mar 07, 2019 07:49 AM
Aaron DiCaprio
Rent Rescue - Philadelphia, PA
Rent Default Insurance Expert - Get Peace of Mind

Absolutely Nina!  What's the best email for you?


Mar 07, 2019 07:53 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Aaron,
I was completely unaware this kind of insurance was available!  If this doesn't get Featured, it will definitely be included in the next edition of Second Chance Saturday.

Mar 07, 2019 07:54 AM
Aaron DiCaprio
Rent Rescue - Philadelphia, PA
Rent Default Insurance Expert - Get Peace of Mind

Hi Carol,

Appreciate your support and happy to provide additional information as appropriate.  Rent Rescue is currently available in CA, TX, PA, NJ, CT, NC, GA, VA, IL, DC and UT.  WA and NY will be available by end of day Monday and we'll be in all 50 states by end of April if not sooner.  

Please let me know if you have any questions.


Mar 07, 2019 08:18 AM
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I couldn't help but notice that you left out the details of the cost and therfore whether this works best for the policy seller or the landlard.

Mar 07, 2019 02:49 PM
Aaron DiCaprio
Rent Rescue - Philadelphia, PA
Rent Default Insurance Expert - Get Peace of Mind

Hi Joe,

The average annual premium is roughly $300/unit (or $25 per month per unit) which can typically be taken as a tax deduction or passed along to the tenant.  So, a $300 investment will help a landlord recoup up to 6 months of lost rental income and pay $1,000 of legal expenses.

The coverage will be available in OK soon!

Enjoy your evening and please let me know if you have any other questions,


Mar 07, 2019 02:57 PM
Michele Cadogan 917-861-9166
Fillmore Real Estate 2990 Av U, Bklyn , NY 11229 - Brooklyn, NY
Licensed Real Estate Associate Broker -

Just like my associte above I did not know that this type of rental default  insurance was available to landlords.  I've bookmarked this post and your site   to share with our first time buyers / investors of multi family homes  and looking for added security.  Because of the high rental rates here in New York I'm not sure how it would work out but its something to add to their tool box.

Mar 07, 2019 05:17 PM
Aaron DiCaprio
Rent Rescue - Philadelphia, PA
Rent Default Insurance Expert - Get Peace of Mind

Hi Michele,

Yes, always good to have another tool in the toolbox!

The insurance has been available abroad in the UK and Australia for years and just never made its way to the US until a lot of other prodcuts and services.

The high rental rates coupled with some "unique" landlord/tenant laws preclude us from offering the insurance in Manhattan and Brooklyn.  The other boroughs and the rest of the state are available.  

Our rates are based off of the monthly rental income and our range is from $450/month - $5,000/month.   

Feel free to reach out with any more questions.

Enjoy  your evening,


Mar 07, 2019 05:55 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Looking forward to seeing this in Wisconsin, perhaps it is something we can offer to tenants who lack a decent credit rating or cosigner.

Mar 09, 2019 10:33 AM
Aaron DiCaprio

Wisconsin will soon be available, Bob.  The policy is for the landlords to purchase and they have to warrant that their tenants meet our underwriitng criteria: (1) credit score of 600+, (2) no bankruptcies or evictions during the last 5 years, (3) can satisfy the financial terms of the lease, and (4) the rent cannot have been in arrears for more that 30+ consecutive days during the last 12 months.  These criteria can be adjusted based on market feedback.  Our insurance company partner (HDI Global Specialty - rated "A" by A.M. Best and "A+" by Standard & Poor's) is very flexible and wants to ensure that the product reflects the realities of leasing to tenants. 

I've been an on again/off again investor and have felt the pain when a tenant doesn't pay.  For many landlords, they're applying their rental income directly to their mortgage or perhaps it's going towards day care, tuition, etc.  This insurance provides peace of mind during times when there's a lot of uncertainty.

Enjoy the rest of your weekend and I appreciate your reaching out to me.  And I always welcome feedback.

Take care,


Mar 09, 2019 01:32 PM
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 602.710.8161 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Hi Aaron, I had never heard about this insurance before. It looks like AZ may be included in May of this year. I will share with my rental landlord clients.

Mar 09, 2019 01:17 PM
Aaron DiCaprio
Rent Rescue - Philadelphia, PA
Rent Default Insurance Expert - Get Peace of Mind

Hi Steffy,

Arizona will soon be live...probably later this month.  I appreciate your sharing with your landlord clients.

By the way, we have a referral program.  You can go to the bottom of our website and click the big call to action button that reads "Get Paid For Referrals".  Or simply go to:  Registering is quick and easy and only takes a minute.

It’s quick and easy and only takes a minute.

Once registered, we’ll give you a url that’s unique to your business.  You can simply include this url with your own messaging or ours (we’ll email you links to template language and images) in an email blast or newsletter to your landlord clients.  The messaging should outline the benefits of the product and encourage the landlord to purchase the insurance through YOUR url. 


Each time a purchase is made through your url, we’ll track it on the back end and then each month cut you a check for $25 per unit.  So, not much effort to earn some extra recurring income all while differentiating your business and solving a real pain point for your clients.

Sorry for the long-winded reply.

Enjoy the rest of your weekend,




Mar 09, 2019 01:47 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Great information to have and to share with certain clients. I had no idea this existed. And I see it's available in CA!

Mar 11, 2019 08:07 AM
Aaron DiCaprio
Rent Rescue - Philadelphia, PA
Rent Default Insurance Expert - Get Peace of Mind

Hi Jeff,

Yes, rent default insurance is widely available abroad in the UK and Australia and like many products/services it takes time to make its way across the pond/ocean to the US.  I'm on-again/off-again investor and this product alleviates a lot of headaches and provides peace of mind.

Mar 11, 2019 08:41 AM