Alteris Inc., a provider for the managing general agency community, has partnered with Insurent Agency Corp. to provide an insurance program focused exclusively on guaranteeing residential leases.
Established in 2008, the Insurent Lease Guaranty Program offers financial guarantees to landlords on behalf of new tenants to satisfy financial requirements associated with leasing. The program pormises to work for both tenants and landlords, allowing credit-worthy tenants access to quality properties they would otherwise not be able to rent, and at the same time helping to reduce vacancies and rent loss, and to stabilize rental income at no cost to landlords.
A holding company of specialty insurance leader Argo Group, Alteris was recently formed to provide managing general agencies and carriers with access to a broad array of exclusive risk solutions for specialty programs and alternative risks nationwide.
The Insurent Lease Guaranty Program is administered by Insurent from its New York City headquarters, with coverage underwritten and issued by Argonaut Insurance Co.
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