Within the insurance market, the non-payment of rent is the one that is having the most growth compared to the rest, especially in large cities such as Madrid and Barcelona. It should be borne in mind that the exceptional situation in which we find ourselves has had a significant influence when taking out this type of insurance, as it conveys the security in the collection of rent that the tenant cannot provide.
INESE and the Spanish Rental Insurance Observatory (OESA) have carried out a study called “Insurance Solutions for Rent” which allows a global view of the rental market and its insurance: pre and post market situation covid, what is the demand, customer profile, who are the main players, what products are there to cover this market (both for the landlord and for the tenant), what rent non-payment policies are being sold, with its coverage and price examples, what trends are manifesting, what is the state of regulation and Government measures for price control, how the pandemic has affected and how insurance has reacted, among other things.
From Grup Solfinc we believe that default insurance is key in the current situation we are living due to the Covid-19, as it ensures stability.
