Tenant Default Insurance Program by AssureLease™


First Fidelity has been selected by AssureLease™ as a preferred distributor of its patented tenant default insurance. The program provides indemnity protection for property owners when tenants default on rent or leave the unit damaged.  This product can turn a cost into an innovative profit center.  First Fidelity offers the product to multi-family rental properties, commercial properties, and to student dormitories in all 50 states.

Benefits

  • Stop taking security deposits and purchase this special insurance policy
  • Residential program covers protection for up to three month’s rent if tenant defaults or leaves
  • Commercial program covers 12 months of protection plus tenant improvement coverage
  • Protection for unpaid expenses or charges for damages and legal and eviction costs
  • Make your property more affordable and attractive
  • Reduce administrative costs
  • Recoup premiums in small monthly increments added to the rent
  • Shift the burden for collection from owner to insurer

Who Qualifies?

  • Residential / Multi-Family rental properties
  • Low Income Housing / Mitchell-Lama rental properties – HPD Approved
  • Commercial rental properties
  • Student housing

For more information on the Tenant  Default Insurance Program by AssureLease™ , please contact:

Eugene Podokshik, CPCU, CRIS
Tel (212) 933-9050 x1801
epod@ffbinsurance.com