What happens if a tenant defaults on rent?
We provide cover for loss of rent where a tenant defaults, after 4 weeks, for up to 12 weeks rent to a maximum of $3000.
To claim under this insured event, you must also have a current valid written rental agreement that states:
- The term of the rental period;
- The amount of rent payable by the tenant; and
- The amount of bond payable by the tenant.
Check the PDS for full details.
