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Rent Default coverage is landlord protection insurance protecting you from financial drain due to unpaid rent. Our policy include: Up to 6 months reimbursement of lost rent when tenant default is due to nonpays including skips or eviction.It's insurance that indemnifies landlords for loss of rent resulting from a tenant defaulting on rent payment obligations. Landlords can finally have peace of mind knowing that their rental income is guaranteed, even when tenants stop paying rent. Steady is a service that provides "rent default insurance" for landlords if tenants stop paying rent. Rent guarantee insurance is a risk-management product that protects landlords against loss if a tenant defaults on rent payments. Rent Default means the Tenant's failure to pay rent when due for the Property under the Tenancy Agreement. Rental default if tenants leave without paying outstanding rent. Fixtures and fittings cover in the case of malicious damage or theft. Rent default (tenant default) covers you if the tenant stops paying rent.