SureVestor offers financial protection against tenant related risks that lead to loss of income for landlords and property managers.
Exclusive Provider of
The coverage provided by our tenant liability program meets the minimum requirements of the lease. The policy offers protection from accidental or negligent damage to the landlord’s property associated with the perils of fire, smoke, explosion, water damage or backup or overflow of sewer, drain or sump) up to $100,000.
$9.00 Per Month, Per Home, charged to the Property Management Company. That cost is passed on to the Tenant.
We recommend Property Managers charge a monthly Administration Fee to cover the cost of implementing, administering, and paying for each policy per month. There is no guideline for what to charge, but we recommend keeping it reasonable and within what your typical administration expense would be. A $3 monthly ad min fee, for example, is reasonable.
This policy offers protection from accidental or negligent tenant damage associated with the perils of fire, smoke, explosion, backup or overflow of sewer, drain or sump, water damage, falling objects and collision with vehicles that hit the property up to $100,000 per occurrence with no aggregate limits and no deductible. There is a $250 damage minimum.
The Property Manager includes this as a condition in every lease agreement, and every lease renewal as a new policy. The Land- lord requires coverage of $100,000 per the lease agreement. Tenants may opt out of this coverage by obtaining a similar policy from their own insurance company of choice. Or – they can do nothing, and this coverage will be added to their monthly rent pay- ment automatically.
You would be requiring $100,000 of tenant liability coverage and this program satisfies that requirement. This program also has no underwriting criteria for the tenant and is therefore, the same cost for everyone. HO-4 products, more commonly referred to as “Renter’s Insurance” can provide coverage for the tenant’s personal belongings along with expanded liability coverage and these costs vary.
NO. We encourage all Tenants to seek out Renter’s Insurance to specifically cover their personal contents inside their home & vehicles.
NO. The Property Manager is implementing a policy inside their lease agreements and this program satisfies that requirement.
The Tenant Liability Coverage is a streamlined method to meet the requirement in the lease to provide the required liability cover- age and the program doesn’t have any underwriting criteria; it’s the same cost for every tenant.
YES! We will ensure your company is set up for success with this program.