The Insurent® Lease Guaranty Program allows for the closure of leases for creditworthy renters that don’t meet your financial requirements. These renters include graduating college students and professional school students entering the workforce; self-employed persons; non U.S. executives relocating to the U.S. without any U.S. based credit history; non-employed U.S. and non U.S. persons with cash liquid assets; retired persons; international students, and U.S. students. The traditional way of closing leases and mitigating the risk of rent loss is by renting only to tenants meeting your financial and credit requirements, or asking for additional security, prepaid rent or a financially qualified co-signer. With the Insurent® Lease Guaranty Program, your vacancies are reduced as a result of the larger pool of qualified renters. In addition, rent loss is eliminated, and the rental process is streamlined for you, prospective tenants, and brokers, all at no cost to you. We back our promise with the institutional financial strength of a highly rated insurance company.
The Insurent® Lease Guaranty Program is based on a simple concept. Renters who do not satisfy your financial requirements can purchase the Insurent® Lease Guaranty. Once the renter applies, qualifies, and pays the one-time guaranty fee, the Insurent® Lease Guaranty is provided to you, the landlord, as the insured and beneficiary. The Guaranty closes leases that otherwise would not close and eliminates all rent loss. Under the Insurent® Lease Guaranty Program, when you file a claim for rent loss, you will receive the full amount of unpaid rent within five days of Insurent®’s receipt of the claim. (Refer to the Lease Residual Value Policy for full details.)
nsurent® can streamline the rental process for you, prospective tenants, and brokers. Sign up your buildings under the Insurent Lease Guaranty Program, or find out more about the Insurent® Lease Guaranty Program.