Everspan Group, Rated A- (Excellent) by AM Best, today announced it has launched a program partnership with TheGuarantors, a fintech company providing innovative insurance products and financial solutions for renters and landlords.
Everspan, a specialty program property and casualty insurer, will support TheGuarantors’ flagship Lease Guarantee and Security Deposit Replacement products. A lease Guarantee, which is tech-enabled, allows tenants to apply for the unit that they want. Security Deposit Replacement acts in the same way as a cash security deposit but at a much lower price. Both cases require renters to pay a monthly or an upfront fee, and TheGuarantors cover the landlord for any damages and/or lost rent.
Everspan policies will be offered nationally on an admitted basis through TheGuarantors’ established network of real estate partners.
Steve Dresner (Chief Underwriting Officer, Everspan Group) said, “We are proud to partner with TheGuarantors, a leading fintech firm whose products and platform are reshaping the real estate space. Everspan believes that insurance should be a force to good. TheGuarantors believes in that principle and puts it into practice with its innovative Lease Guarantee products and Security Deposit Replacement products. We are excited to provide support to this exceptional team.”
“Everspan is a trusted name in insurance and we are thrilled to add them to our roster of A-rated carriers,” Julien Bonneville is the CEO and founder of TheGuarantors. “Their risk capacity and operational excellence enable us to continue innovating and support our vision of providing best-in-class products to our renters and real estate partners.”