SureVestor® offers financial protection against tenant related risks that lead to loss of income for landlords and property managers.
Exclusive Provider of
Looking to Implement a Tenant Liability Policy? Property Managers now have a profitable solution to provide their Residents with Tenant Liability Coverage or Renters Insurance!
- Up to $100,000 in Tenant Liability Coverage
- Protects against claims to homeowners policy
- Lowers the risk of paying out of pocket and losing profits
- TLI Easy to implement and manage
- A great selling point to offer new owner
- Only $9.00 per month, per home (billed to tenant)
- Monetizable (with an added admin fee)
- Listed as ‘additionally interested’ party
- Satisfies the Lease Requirements
- $100,000 in Tenant Liability Coverage
- Automatically billed with monthly rent
- No Deductible
A Master Tenant Liability policy with contents has significant gaps compared to Renters Insurance:
A Master Tenant Liability policy with a Renter’s Insurance
option is the best of both worlds.
Tenant does nothing and will be automatically enrolled in your Master Tenant Liability Insurance Program.
Tenant Liability Insurance DOES NOT include coverage for:
Cost: $9.00 per month
If the tenant wants their contents covered they can purchase renters insurance from your preferred provider though SureVestor. The policy is pre-underwritten and meets the terms of your lease while also providing coverage for:
Minimum $100,000 in personal liability coverage and $10K in personal contents coverage.
Cost: Depends on limits, coverages, and deductibles selected.
Tenants Purchase renters insurance from a licensed agent and provide proof of coverage to PM. Lists Property Management Company as an “additional interest.”
Cost: Varies on your provider and applicant’s creditworthiness, among other factors
|Category||Landlord Legal Liability Only
(AKA Tenant Liability TL Policy)
|TL + Resident Contents||HO-4
(Renter’s Insurance Policy)
|Typical Limit||$100,000 in LLL (Landlord Legal Liability) coverage from certain accidental or negligent tenant damages||$100,000 in LLL (Landlord Legal Liability) plus a supplemental limit of $10K for resident’s personal contents||Minimum $100K in personal liability coverage and $10K in personal contents coverage, can be increased based on personal needs|
|Typical Annual Cost to Residents||$120-$144||$144-$160||$180
(varies depending on limits + deductibles)
|Typical Benefit to Manager||
|Typical Benefit to Resident||
Tenant Liability Programs only offers coverage from accidental or negligent tenant damages resulting from fire, smoke, explosion, backup or overflow of sewer, drain or sump, water damage, falling objects and collision with vehicles.
Tenant’s benefit from this by having some protection in the event they cause damage to the landlord’s assets.
NO. The property manager is implementing an insurance requirement as a condition of the lease. This program allows managers to enforce that requirement through something other than turning a resident away of threatening eviction. Contact Beecher Carlson at (404) 460-1425 should you have questions about these insurance options.
The Tenant Liability Insurance is underwritten by Brit Global Specialty USA.
Want more information – Set up a discovery call!