FAQs

• What does Leap Guaranty rental insurance offer and how does it benefit me?

  Leap acts as an Institutional Guarantor backed by an insurance company currently rated A- (Excellent) by A.M. Best. We qualify students who do not meet your property’s income or credit requirements. With a Leap Guaranty, more tenants will qualify for your properties, and you’ll know that your tenancy is secured.

• What does Leap Guaranty rental insurance cover?

  We’ll cover up to the full coverage amount selected for the term of the lease. In the event that the tenant defaults on the payment, simply make a claim with Leap and we’ll send you the rent when due each month until the property is occupied, or your coverage limit has been met.

  The great thing about Leap Guaranty rental insurance is that you can customise how much coverage you need.

• What are the benefits of Leap Guaranty rental insurance vs a co-signer?

  Chasing up parent co-signers is never fun. We are your one point-of-contact if things go wrong. Leap’s coverage is backed by an A.M. Best A- (Excellent) rated insurance company.

• Do you need a parent co-signer?

  No, a parent co-signer is not required for our product.

• How do I register?

  Fill out the landlord contact form here and a member of our team will get in touch.

• Who typically uses Leap products?

  Leap helps prospective students who do not meet your income or credit requirements.

• Does Leap Guaranty rental insurance cover prevent me from evicting a tenant?

  No, Leap Guaranty rental insurance does not prevent you from evicting a tenant.

• How much will this cost?

  We charge a monthly fee for the Guaranty that is based on the amount of coverage the landlord desires. Once we have established the level of coverage desired (which can vary per property), we can provide you with an estimated LEAP fee.

• What do I charge as a security deposit?

  Your standard, auto-approved deposit.