The Tenant Property Protection Plan is an inland marine policy where the owner/manager is issued the master policy with 100% coverage for occupied and unoccupied units. The owner/manager becomes the first named insured and now can offer protection to all its residents providing a low cost more comprehensive coverage plan for both parties, creating a win-win.

Coverage that mitigates the owner/manager’s risk on claims that fall under the deductible of their master policy.

• An efficient transaction structure where benefits for a covered loss are paid directly to the apartment resident and/or owner/property manager.
• Cost of policy coverage is passed to the tenant with a lease addendum creating a potential revenue source.
• Insures that property owner is a named insured under the tenant liability policy.
• Real time tracking component is offered with this product.
• Great for student housing and communities with associated short term leases.
• Potential underwriting profit via Captive Endorsement and exclusion added as needed.
• Tailor-made policy with add on options
• Ability to offer tenants separate property and limited liability coverage.

• No hassle sign up
• Personal property coverage
• Expedited pay out of claims
• Bolt on policy – use with other policies
• Small deductible
• Separate limits of property/liability coverage