{"id":32330,"date":"2022-01-05T16:29:51","date_gmt":"2022-01-05T16:29:51","guid":{"rendered":"https:\/\/www.cbleon-abogados.com\/non-payment-insurance-do-they-prevent-rent-arrears\/"},"modified":"2022-01-05T16:29:52","modified_gmt":"2022-01-05T16:29:52","slug":"non-payment-insurance-do-they-prevent-rent-arrears","status":"publish","type":"post","link":"https:\/\/cbleon-abogados.com\/en\/non-payment-insurance-do-they-prevent-rent-arrears\/","title":{"rendered":"Non-payment insurance: Do they prevent rent arrears?"},"content":{"rendered":"<p><span style=\"color: #000000;\"><strong>According to the Spanish Observatory of Insurance for Renters in Default (OESA), after doubling in 2020, 30% of new leases will include non-payment insurance.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">They explained from <a href=\"https:\/\/www.donpiso.com\/\" target=\"_blank\" rel=\"noopener\">donpiso<\/a>: <strong>&#8220;The crisis of Covid-19 makes owners feel more insecure about a possible breach of contract<\/strong>&#8220;.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Tabla de Contenidos<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/cbleon-abogados.com\/en\/non-payment-insurance-do-they-prevent-rent-arrears\/#Non-Payment_Insurance\" >Non-Payment Insurance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/cbleon-abogados.com\/en\/non-payment-insurance-do-they-prevent-rent-arrears\/#How_does_it_work\" >How does it work?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Non-Payment_Insurance\"><\/span><strong>Non-Payment Insurance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"color: #000000;\">The economic crisis resulting from the Covid-19 pandemic is causing serious damage to the family economy. One of their main problems is that some families cannot pay their rent. As a solution<strong>, more and more homeowners are opting to purchase default insurance to avoid default<\/strong>.<\/span><\/p>\n<p><span style=\"color: #000000;\">This relatively new insurance contract has been on the rise since 2019. According to the Spanish Observatory of Default Insurance (OESA), it increased by 35% at that time, but during the pandemic, the number of contracts has doubled. Until OESA estimates that 30% of new leases by 2021 will include unpaid insurance.<\/span><\/p>\n<p><span style=\"color: #000000;\">Emiliano Bermudez, deputy general manager of donpiso, explained: &#8220;The crisis of Covid-19 makes owners feel more insecure about a possible breach of contract&#8221;.<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">&#8220;The turbulent environment we live in also makes it difficult to foresee future defaults,&#8221; he explained.<\/span><\/strong><\/p>\n<p><span style=\"color: #000000;\">Therefore, experts believe that the best option to avoid arrears is to purchase these unpaid insurance policies. &#8220;This is the best way to ensure that the funds are in place,&#8221; said Emiliano Bermudez, who also added, &#8220;This is a trend that society is following.&#8221;<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_does_it_work\"><\/span><span style=\"color: #000000;\"><strong>How does it work?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-31970 size-full\" src=\"https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2021\/06\/seguro-de-impago-alquiler-de-vivienda.jpg\" alt=\"insurance for non-payment of rent\" width=\"1000\" height=\"563\" srcset=\"https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2021\/06\/seguro-de-impago-alquiler-de-vivienda.jpg 1000w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2021\/06\/seguro-de-impago-alquiler-de-vivienda-300x169.jpg 300w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2021\/06\/seguro-de-impago-alquiler-de-vivienda-768x432.jpg 768w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2021\/06\/seguro-de-impago-alquiler-de-vivienda-370x208.jpg 370w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2021\/06\/seguro-de-impago-alquiler-de-vivienda-760x428.jpg 760w, https:\/\/cbleon-abogados.com\/wp-content\/uploads\/2021\/06\/seguro-de-impago-alquiler-de-vivienda-270x152.jpg 270w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<p><span style=\"color: #000000;\">Emiliano Bermudez explained: &#8220;The non-payment insurance covers up to 12 months of non-payment of the agreed rent at the time of signing. In this way, the landlord secures his monthly rent and avoids tenant arrears.<\/span><\/p>\n<p><span style=\"color: #000000;\">In addition to non-payment, these insurances also offer other insurances. &#8220;Once an insurance contract is signed,&#8221; explained Emiliano Bermudez, &#8220;it usually increases protection against damage or theft in the home, which in turn is the main cause of litigation between landlords and tenants,&#8221; he added.<\/span><\/p>\n<p><span style=\"color: #000000;\">For experts, renter&#8217;s insurance is also good for renters, as it can provide financial relief in case rent cannot be paid. &#8220;<strong>With comprehensive protection, <a href=\"https:\/\/www.cbleon-abogados.com\/en\/74-of-rental-homeowners-consider-that-in-the-event-of-non-payment-they-have-fewer-rights-than-the-tenant\/\">tenants<\/a> can avoid possible unpleasant situations, such as being placed on the delinquent list or even evicted.<\/strong>&#8220;, he said.<\/span><\/p>\n<p><span style=\"color: #000000;\">&#8220;Insurance is a very convenient tool,&#8221; the expert believes, and predicts that there will be more and more leasing policies in the future. &#8220;For example, like auto insurance, over time, it is likely to become a necessary condition of renting a home,&#8221; he said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the Spanish Observatory of Insurance for Renters in Default (OESA), after doubling in 2020, 30% of new leases will include non-payment insurance. They explained from donpiso: &#8220;The crisis of Covid-19 makes owners feel more insecure about a possible breach of contract&#8220;. Non-Payment Insurance The economic crisis resulting from the Covid-19 pandemic is causing serious damage to the family&hellip;<\/p>\n","protected":false},"author":5,"featured_media":31966,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_joinchat":[],"footnotes":""},"categories":[170,83],"tags":[],"class_list":["post-32330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","category-civil-law"],"acf":[],"_links":{"self":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/32330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/comments?post=32330"}],"version-history":[{"count":0,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/posts\/32330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/media\/31966"}],"wp:attachment":[{"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/media?parent=32330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/categories?post=32330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cbleon-abogados.com\/en\/wp-json\/wp\/v2\/tags?post=32330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}