Who Is Behind TenantMax?
The TenantMax program is a national program that is insured by an Insurance Company who is rated “A+ Superior” by A.M. Best and is managed by Security National Group. Security National group is an MGA/MGU who is comprised of experienced professionals in insurance, multi-family, underwriting, marketing, and management with a network of national relationships.
How
Are Benefits Paid?
The TenantMax program lists the property owner as the Named Insured on the policy. The program has $1,000 deductible and the $100,000 policy limit pays damages as follows:
- First, to the owner for the extent of the damages to the property caused by the resident.
- Second, any remaining policy limit to non negligent residents with a max of $5,000 per unit, an additional allowance for temporary living expenses up to $1,000, and $500 per person for medical or funeral expenses.
- Third, any remaining policy limit to the negligent resident up to a limit of $2,500 and an additional allowance of $1,000 for temporary living expenses.
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