Lease Protection Plan
Offered by Elite Underwriters, Inc.
Lease Rentals Residential Property Tenant Landlords Rental PropertiesDescription
The flexibility and financial stability you need in a Lease Protection Plan Policy.
The Freedom Lease Protection PlanSM is designed to cover losses incurred by landlords when tenants default in their obligations under a lease of a qualifying residential unit. The policy allows for the elimination of security deposits resulting in high-end operational efficiencies while protecting the bottom line. Best of all, rest assured , you are working with a A+XV rated company backed by NationWide Insurance.
We take action, we are responsive, and when it comes to your lease protection needs, we deliver!
Covered losses include:
Benefits to property owners and managers:
Benefits to Tenants:
The Freedom Lease Protection PlanSM is designed to cover losses incurred by landlords when tenants default in their obligations under a lease of a qualifying residential unit. The policy allows for the elimination of security deposits resulting in high-end operational efficiencies while protecting the bottom line. Best of all, rest assured , you are working with a A+XV rated company backed by NationWide Insurance.
We take action, we are responsive, and when it comes to your lease protection needs, we deliver!
Covered losses include:
- Rent and other charges for use and occupancy of a residential unit, garage, and/or storage area
- Actual expenses incurred to repair excess damage and cleaning of an unit.
- Legal fees and costs incurred in connection with a default or eviction.
Benefits to property owners and managers:
- Coverage for tenant default and collection loss risk
- Eliminates need for securty deposits
- Provides a significant competitive advantage over properties requiring deposits.
- Increases tenant demand.
- Increases occupancy and retantion rates
- Potential to significantly improve net operating income
Benefits to Tenants:
- Eliminates barrier to entry caused by security deposits.
- Allows qualified tenants to consider higher priced units.
- Simplifies end of lease experience.
Carrier Information
Scottsdale Insurance Group
Admitted
Non-Admitted
Listing Contact
Ignacio Moreno Vice President
Offered By
Availability 3 states
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Covered
Not Covered
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