The Insurent Lease Guaranty Program was created to serve renters, landlords, condo/coop owners, brokers and relocation specialists by offering the first institutional guarantor of residential leases.
Insurent is transforming the multifamily industry, issuing thousands of lease guarantees involving $450 million of rent exposure, with 300,000 units and 2,200 buildings accepting. The pace of owner acceptance and utilization has accelerated, and more owners, or property managers choose Insurent every day.
The Insurent Lease Guaranty Program allows for lease closures of "creditworthy" renters who don't meet the financial requirements of their landlord. These renters include foreign professionals without US Credit history, international and domestic students, retirees, tech consultants, self-employed individuals, and young professionals who in many cases cannot qualify to rent an apartment. Insurent acts as the "institutional guarantor" to help renters obtain their apartment quickly in a competitive market.
Benefits for owners include reduced vacancies, faster closures, elimination of rent loss, at no cost to owners, landlords and property managers.
The Insurent Lease Guaranty Program is underwritten and issued by Argonaut Insurance Company, a property and casualty insurance company rated A (Excellent) by A. M. Best.
For more information visit www.insurent.com or call (646) 843-1712.