Sometimes you fall behind on rent, it happens! But we have something new called Eviction Insurance! For a small monthly fee you get Guaranteed protection against evictions. Here's a breakdown of the program:
1. Program Overview:
- The eviction insurance program aims to provide financial protection to tenants in the event of an eviction.
- Participants in the program will pay a down payment and monthly premiums to secure coverage.
2. Down Payment:
- Participants will be required to make a down payment equal to 20 percent of their monthly rent.
- This down payment ensures their eligibility for the eviction insurance program.
- The down payment will be collected at the beginning of the coverage period.
3. Monthly Premiums:
- Participants will pay a monthly premium equivalent to 10 percent of their rent payment.
- These premiums contribute to the ongoing coverage provided by the eviction insurance program.
- The premiums are due along with the monthly rent payment.
4. Eligibility Criteria:
- To be eligible for the eviction insurance program, tenants must meet the following criteria:
- The rent payments must not be more than 90 days past due.
- The tenant must have paid the required down payment.
5. Coverage and Claim Process:
- If a participant faces eviction due to non-payment of rent, the insurance program will provide coverage.
- Participants can file a claim with the insurance provider within a specified timeframe after receiving an eviction notice.
- The insurance provider will review the claim and verify the participant's eligibility and adherence to program guidelines.
- If the claim is approved, the insurance provider will provide financial assistance to cover a portion of the overdue rent, subject to policy limits.
6. Policy Limits and Exclusions:
- The eviction insurance program will have certain policy limits and exclusions.
- These limits will be defined in the insurance policy and communicated to participants during enrollment.
- Exclusions may include situations where eviction is due to violations of lease agreements, illegal activities, or intentional property damage.
7. Program Administration:
- The eviction insurance program will be administered by an insurance company or a dedicated program administrator.
- The administrator will handle the enrollment process, premium collection, claim processing, and policy management.
It's important to note that every case is different and has to undergo evaluation. We have to ensure compliance with local regulations and tailor each clients profile to adhere to the program's specific requirements.
FILL IT THE CONTACT FORM ON THE HOME PAGE AND PUT A SHORT MESSAGE IF YOU'RE INTERESTED IN THE EVICTION INSURANCE!