Rent Coverage is an insurance policy, it does not cover monthly rent payments on a tenant's behalf. If you have an outstanding balance at the end of your lease term, we would pay a claim out to your landlord.
Rent Coverage is an insurance policy required by your landlord in order for you to qualify to rent your apartment; it does not cover monthly rent payments on a tenant's behalf. If you have an outstanding balance at the end of your lease term, we would pay a claim out to your landlord for that amount and then you would be responsible for reimbursing us.
If you are experiencing a slight financial strain and need more time to make a rent payment, we encourage you to contact your landlord early and keep your building’s property management team updated with your situation.
Please contact us at mitigation@theguarantors.com if you plan to move out or terminate your tenancy.