Everspan Group, a specialty property and casualty insurance platform, has launched a programme partnership with TheGuarantors, a FinTech providing innovative insurance products and financial solutions for renter and landlords.
Everspan will support TheGuarantors’ flagship Lease Guarantee and Security Deposit Replacement products. Lease Guarantee is a tech-enabled tenant default protection product allowing renters to qualify for the unit they want and Security Deposit Replacement acts as a direct and highly affordable substitute to a cash security deposit. In both cases, renters pay a small upfront or monthly fee and TheGuarantors insures the landlord for lost rent and/or damages.
TheGuarantors recently raised $50m in a Series C equity funding round led by Portage Ventures.
Steve Dresner, chief underwriting officer of Everspan Group, said, “We are proud to partner with TheGuarantors, a leading FinTech firm whose products and platform are reshaping the real estate space.
“At Everspan, we believe insurance should be a force for good. TheGuarantors shares that value and puts it into practice through its innovative Lease Guarantee and Security Deposit Replacement products. We are excited to provide support to this exceptional team.”
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