What should I do if my tenant does not have home insurance?

The first thing to know when it comes to home insurance is that insurance is essential. For the tenant, regardless of the type of rental (even a transfer rental), home insurance is even a legal obligation. And for homeowners, it is generally highly recommended. If you own a rental property, you might think that its insurance will be enough to cover a loss? That’s not quite right.

I compare home insurance for non-residential owners

This is why it is essential to have home insurance as well. To better understand, renter’s insurance insures their possessions and furniture and some losses. The non-resident owner’s property insures the entire building, walls, foundations, small communities, etc.

What do you do if your tenant neglects this duty?

The tenant must have insurance to cover what we call rental risks. He must give you a certificate of insurance when he signs the lease.

Home insurance can be renegotiated and can be renewed conveniently. It is therefore normal for your tenant to send you their certificate of insurance every year.

Here are a few examples:

• You can contact your tenant by registered letter with acknowledgment of receipt to request their certificate as soon as possible, for example within one month.
• You can also choose another option. That’s about taking out “rental risks” insurance. The additional cost of this insurance can be added to the rent.

As a last resort, you can go to court to end the lease and evict the tenant. Friendly methods are usually the most effective. Talk to your tenant to make them understand the importance of this insurance before they break the lease.

PNO insurance, additional protection

Insurance for non-occupant homeowners is an additional protection. The insurance protects against damage you cause to the common areas and private equipment of your accommodation, when these are not covered by the tenant’s insurance. It is therefore important that your tenant has insurance. This insurance covers fires, water damage, natural disasters, etc. Additional guarantees can be added such as legal protection or vacancy. These guarantees may have additional costs, which is why it’s best to compare.

By taking out PNO insurance, you ensure complete protection for your property. Our advice is to compare insurance and possibly the group with the same insurer to get reductions or a commercial transfer to pay less monthly for your insurance contracts.