Finaer is a guarantee, not a non-payment insurance.
Rent with peace of mind, collect punctually every month, without delays or complications.Are they the same?
No. They work differently.
Although they may seem similar, a guarantee and a rent default insurance work differently, are triggered at
different times and offer different benefits.
Finaer Guarantee acts before and without prior procedures.
Insurance only intervenes after initiating a legal process.
Finaer Guarantee
We pay the rent within a maximum of 5 business days from the notification of non-payment, without legal proceedings.- Includes malicious damages, including those from pets.
- Includes legal management for non-payment situations and property recovery.
- Includes legal defense in cases of illegal occupation during the contract validity.
Non-payment insurance
Payment is activated after initiating the judicial process.- Tenant damages are not always included
- Legal management is limited in time and amount.
- Unauthorized occupation may be excluded or limited, depending on the specific policy.
*Finaer Compañía de Garantías, S.L.U. does not offer insurance products nor is it subject to the supervision of the General Directorate of Insurance and Pension Funds (DGSFP)
Main comparison
A
General functioningUnpaid rent
Finaer Guarantee
Direct payment in 5 business days
Non-payment insurance
After initiating the judicial process and/or grace period.
Utilities (electricity, water and gas)
Finaer Guarantee
Included
Non-payment insurance
Only if agreed
Community expenses
Finaer Guarantee
Without limits
Non-payment insurance
Depends on the policy
Malicious damages
Finaer Guarantee
Up to 3,500 € for homes and up to 2,000 € for rooms and premises
Non-payment insurance
Depends on the policy
Illegal occupation
Finaer Guarantee
Without time limit
Non-payment insurance
Not included
Legal defense
Finaer Guarantee
Without limits
Non-payment insurance
Limited
Legal framework
Finaer Guarantee
Voluntarily adopts risk management and solvency criteria from the financial sector
Non-payment insurance
Supervised by DGSFP
| Finaer Guarantee | Non-payment insurance | |
|---|---|---|
| Unpaid rent | Direct payment in 5 business days | After initiating the judicial process and/or grace period. |
| Utilities (electricity, water and gas) | Included | Only if agreed |
| Community expenses | Without limits | Depends on the policy |
| Malicious damages | Up to 3,500 € for homes and up to 2,000 € for rooms and premises | Depends on the policy |
| Illegal occupation | Without time limit | Not included |
| Legal defense | Without limits | Limited |
| Legal framework | Voluntarily adopts risk management and solvency criteria from the financial sector | Supervised by DGSFP |
B
Benefits for the tenantRespite plan
Finaer Guarantee
It is created so that the tenant does not lose the home in cases of non-payment. If there are temporary difficulties, they have 6 months of flexibility to regularize the payment.
Non-payment insurance
Does not apply
Legal Assistance
Finaer Guarantee
Without limits
Non-payment insurance
Does not apply
Access to rental
Finaer Guarantee
Profile up to 4 times more attractive for landlords and real estate agencies.
Non-payment insurance
Does not apply
| Finaer Guarantee | Non-payment insurance | |
|---|---|---|
| Respite plan | It is created so that the tenant does not lose the home in cases of non-payment. If there are temporary difficulties, they have 6 months of flexibility to regularize the payment. | Does not apply |
| Legal Assistance | Without limits | Does not apply |
| Access to rental | Profile up to 4 times more attractive for landlords and real estate agencies. | Does not apply |
When does Finaer help you?
Finaer is ideal if you are looking for a fast, efficient and
hassle-free solution to protect your rental from day one.
Start today with Finaer
Rent with peace of mind, without delays and without complications.
