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When does the landlord or condo/co-op owner receive payment under the Insurent® Lease Guaranty Program?

April 26, 2017Co-op condo Guaranty insurent® landlord lease owner payment program

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When does the landlord or condo/co-op owner receive payment under the Insurent® Lease Guaranty Program?

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The landlord submits a claim upon recovery of legal possession of the apartment. Payment of loss to the landlord or condo/co-op owner is made within five business days of receipt of a claim under the Lease Residual Value Policy. For complete details, please view the Lease Residual Value Policy.