New One on Me: Rent Insurance!

[David Dachtera]

Saw this on Facebook this morning...

Alliance Rent Protection - We pay when a tenant doesn't.

Never heard of that before!

Does anyone know about this?

Starting where it does - says $99/month, I'm ***-u-me-ing that's per unit because the website says, "Tenant pays all the fees" - I'm wonder if this intended for mid- to higher-end rentals or what. Haven't explored their website yet. I would think owners would find it more appealing for lower-end, higher-risk rentals.

Dunno - whadda all y'all think?

The website is WWW Alliance Rent Protection dot com.

[Andrew Hargreave]

Just to correct something:  Their website says $99/yr for rents $0-$600 and $149/yr for rents $600-$800...etc.   So their "fee" is once per year...not each month...and they only pay up to 3 months of missed rents.  The tenant also pays a $49.95 application fee.