A tailored insurance to protect you against unpaid rent
Even when you have had the best checks and references carried out, you can never predict a tenant failing on hard times or losing their job or becoming ill and then not being able to pay the rent.
What does it cover?
Pick the plan that best suits your needs
Cover for unpaid rent
You are indemnified for outstanding rental payments up to the chosen limit
Coverage of legal costs in the event of a dispute arising from the non payment of the rent
Rental damages & Reinstatement costs
In case of accidental damage we pay you the costs of rehabilitation
|Reimbursement of unpaid rent up to||6 months||12 months||18 months|
|Eligibility: Rent & Common charges should be maximum||1,500€ / month||1,500€ / month||2,500€ / month|
|Maximum limit of intervention||9,000€||18,000€||45,000€|
Bear legal & administrative fees up to 1,500€ for Basic, 5,000 € for Classic & 7,000 € for Premium
Excess of 250€
|Accidental rental damage|
Support the costs of repairing or replacing damaged fittings and fixtures up to 30,000 €
Reimbursement of restoration costs in case of extreme tenants' negligence up to 5,000€
We care about you
You can cancel your contracts at anytime. We'll automatically make a pro-rata refund. There is no cancellation fee. We operate in full transparency.
Which rents are eligible?
Residential rentals of premises located in Belgium with a maximum monthly rent (including common charges) of 1,500 or 2,500 € depending on the plan you chose.
Discover the product
Why offering Rent Guarantee Insurance?
Rent guarantee insurance could be an efficient way to prevent financial difficulties should you need to claim, especially when the rental income is used to pay off your mortgage or any kind of credit taken.
Who can subscribe?
Owners or mandated property managers of rented premises.
Which properties qualify?
Only residential and long term rentals qualify. Commercial rentals (offices, shops) and short term rentals (Airbnb-style) will not be covered.
To proceed in the rules of the art
A bank deposit (or equivalent) should be constituted in order to protect yourself against any damage to the property. An initial inventory report must be performed within the first month of the rental.
Note: Only one unpaid rent claim per occupying tenant is allowed.
Why having Legal Protection included?
Do you know that in Belgium the average number of rented premises per landlord is 5, and that a legal collection procedure for unpaid rent usually lasts 6 or 7 months which, based on our estimations, costs in average 4,500 €.
By embedding Legal Protection within your Landlord coverage, we undertake the painful and time-consuming procedure on your behalf. We will always try our best to solve the matter with an amicable settlement. We'll cover:
Bailiff’s fees and costs
Court costs (no ceiling if you choose an authorised professional from D.A.S. network)
Lawyer’s fees and costs regarding to the mission entrusted under your contract
Note that in all cases, the costs of an enforced expulsion itself remains at the charge of the insured
The cost of judicial and extrajudicial expertise (not applicable for Basic plan)
In the case you wish not to subscribe to both covers as part of your chosen formula (Basic, Classic, Premium), please contact Qover by sending an email to email@example.com or by phone (+32) 2 588 25 50 for obtaining paper-based subscription. The pricing for each cover taken individually will be the same as under the chosen formula.
Be aged of minimum 18 years old.
Be a permanent lawful resident of Belgium.
Be the owner or the authorised person mandated by the owner for the rented premises.
The tenancy agreement should be signed and registered. I must prove that the rent (incl. rental charges) does not exceed 50% of the tenant(s)' income.
Tenant is in place since less than 45 days
The tenancy agreement is signed and registered. I can prove that rent (incl. rental charges) does not exceed 50% of the tenant(s)' income.
Tenant is in place since more than 6 months (180 days)
My tenant is up to date with his payment and no payment incident has occurred for the last 6 months. In addition, the tenancy agreement should be registered and I can prove that the rent (incl. rental charges) does not exceed 50% of the tenant(s)' income.
In all cases, a waiting period of 60 days applies at the start date of the insurance contract and at any subsequent change of tenants during the contract period.
Landlords must have the following documents in their possession:
The tenancy agreement signed and registered and an initial inspection report of the property must be performed.
They will need to provide bank statement or equivalent proof which attest of the existence of a blocked deposit.
Sufficient credit reference received from the tenant (proof of solvability).
The monthly rent must not exceed 50% of your tenant's income.
Note: if there is no tenant yet, no worries, we'll only ask for the documentation when assessing a claim.
Please read carefully all Terms & Conditions - Qover insurance contracts are subjected to Belgian Law. The Rent Guarantee Insurance is underwritten by Great Lakes Insurance SE. Registered with the commercial register of the local court of Munich (Germany) under number: HRB 230378. Your Legal Protection is underwritten by D.A.S. a non-life insurer registered in Belgium under number 0687. The Rent Guarantee Insurance is a non-life insurance product (branch 16) and the Legal Protection is a non-life insurance product (branch 17). The present insurance contract is concluded for a period of one year. It shall be tacitly renewed for consecutive periods of one year.
What to do in case of a claim?
All claims are settled by a professional adjuster offering you the best and fairest treatment.
Qover mainly uses digital medium of communication.
You can reach us by:
Sending an email to firstname.lastname@example.org with all relevant and required documents in the attachment
Calling us at (+32) 588 25 50
In order to make a claim, you need to:
- Contact the administrator within 15 weekdays after the normal due date of the rent by using the claim form. If you wish to claim for accidental damages or reinstatement do it within 8 weekdays of the discovery of the event.
- Complete the claim form and send it back to the administrator, along with any supporting documentation that they ask for.
- Throughout the life of your claim you need to show that you are taking measures to limit further loss. Meaning you are actively trying to get the unpaid rent back even if you are indemnified.
What should you do in case of non-payment?
Reimbursement of the overdue rents will be issued after 90 days then the indemnity will be paid monthly.
Normally, the landlord must undertake the following procedure
- Issue a command to pay by a bailiff
- Send court summons with the help of a lawyer
- Try to obtain an expulsion judgment
- If the expulsion is authorised by a judge, expulse your tenant with the resort of law-enforcement if necessary
Thanks to the Legal Protection which is embedded within your plan, such legal costs and procedure are covered.
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