What is SureVestor Insurance?
The 3 things that you'll appreciate the most as a property owner are these unique benefits from SureVestor:
- Guaranteed malicious damage coverage caused by tenant (up to $35,000)
- Guaranteed reimbursement of lost rental income, when tenant doesn't pay
- Guaranteed coverage of eviction costs, legal defense, sheriff fees and more
Protect yourself for about a dollar a day!
This exclusive product is only available through Professional Property Managers so by working with us, you are eligible to get this industry-leading Landlord Protection Insurance featuring Rent with Confidence Guarantees.
Rent with Confidence!
Tenant Damage Guarantee covers
- Up to $35,000 for malicious damage
- Up to $15,000 for theft/damage due to theft
Loss of Rent Guarantees covers
- Up to 8 weeks rent if tenant skips
- Up to 12 weeks rent for Tenant Delinquency
- Up to 12 weeks Tenant Death (sole tenancy)
- Up to 25 weeks Tenant murder or suicide
- Up to 4 weeks for Victims of violence
Eviction Expense Guarantee covers
- Up to $5,000 for eviction filing fee and defense costs if the tenant sues
Policy Benefits, Deductibles & Premium
LOSS OF RENT
Arrears at commencement of policy will affect cover. |
Max level of cover |
|---|---|
| Tenant Skip (Lease Break) | 8 weeks |
| Tenant Delinquency (Eviction Order granted) | 10 weeks |
| Tenant Delinquency (Writ of Possession obtained) | 12 weeks |
| Tenant Death (sole tenancy) | 12 weeks |
| Tenant murder or suicide | 25 weeks |
| Untenable (due to malicious damage by tenant to the contents) | 8 weeks |
| Victims of violence | 4 weeks |
| Additional Benefits | Max level of cover |
| Malicious damage to building and/or contents | $35,000 |
| Theft or damage due to theft to building and/or contents | $15,000 |
| Eviction filing fee, Eviction defense costs | $5,000 |
| Sheriff, Marshall or Constable fees | $600 |
| Loss due to use of Digital Lock Boxes | $5,000 |
| Service and/or companion animal damage | $1,000 |
| Re-keying of locks | $400 |
Annual Premium
Annual Premium $600 plus state specific taxes. Malicious damage and theft claims will have a deductible of $1,500 applied per event. Loss of rent claims will have a deductible of the remaining security deposit after allowable releasing expenses have been paid. Talk to us about how to reduce this fee.
Eligibility Criteria
Scheer Landlord Protection Insurance is only available for properties that are managed by a Professional Property Management Agent. Cover is not available on any property with a monthly rent below $1,000 or that is located within the five boroughs of New York City. All claims will be settled according to the lesser of the rent on the current lease, or up to a maximum per month rent cover of $3,000 per month. Cover is subject to Policy Wording conditions, exclusions and limitations. You should read all documents including Key Facts, policy wording, state specific fraud warning, state specific wording relating to contracts with non-admitted surplus lines insurer thoroughly to ensure the product suits your needs.
Key Facts About Scheer Landlord Protection Insurance
This is to be read in conjunction with your Invoice/Certificate of Insurance, the Policy Benefits Certificate and your Policy Document. It is designed as a quick reference to certain facts relating to the cover you have purchased, the underwriting criteria and some of the conditions that apply. It does not replace the Policy Document and does not list every single condition, just those most frequently asked about.
Does every property qualify for cover?
Most properties do qualify provided the monthly rent is $1000 or above and the property is fully managed by a professional property management agent. Cover is not available for a leasing only arrangement with the agent or if it’s within the five boroughs of NYC. If you take the property back to self-manage, your insurance is void and you can apply for a pro rata refund.
