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Rental income insurance (GLI) guarantees you keep receiving rent even when a tenant defaults — and usually covers the legal cost of eviction. It converts an unpredictable risk into a fixed line item.
The problem
If you own a Portuguese rental but live abroad, a defaulting tenant is a nightmare: you can’t knock on the door, the legal process is in Portuguese, and recovering possession takes months. Every month, you absorb the loss from afar.
Choosing the right tenant up front is the first line of defense — see how to choose the ideal tenant.
How rental income insurance works
- Tenant vetting first — insurers expect a solvency check before coverage.
- Guaranteed payout — the insurer covers missed rent within policy limits.
- Legal cover — many policies fund the eviction process itself.
- Know the limits — coverage caps and waiting periods vary.
Putting a number on the risk
AluSeg’s solvency tool models your net exposure realistically — about a 6-month eviction plus ~€1,500 legal, minus collected guarantees. In market terms, a prolonged default commonly costs €5,400–€10,800, more on high Lisbon or Porto rents. The annual premium is a small fraction of that.
Frequently asked questions
Is rental insurance worth it for a single property?
If one prolonged default would meaningfully hurt your finances — as for most single-property landlords — the premium typically pays for itself by avoiding one incident.
