Tenant Legal Liability (TLL) Insurance

As an owner or manager of a housing community you have a right to certain protections and indemnification for losses that occur at the responsibility of your tenants. First Flight Insurance proudly partners with Fortegra to bring Tenant Legal Liability Insurance as an innovative risk management tool designed to fulfill tenant’s contractual obligations specified in their lease agreement and offer complete indemnification to owners/managers. The program covers five “perils” for accidental tenant-generated loss.

fire

Fire

smoke

Smoke

explosion

Explosion

flood

Water

sewer backup

Tenant Induced Sewer Backup

These five perils account for over 95% of tenant generated losses.

Coverage Details

Single Occurrence: $100,000

*Subject to $250 deductible and maximum of 2 claims/year for aggregate limit of $200,000

Tenant Benefits:

  • Easily satisfied lease requirement to indemnify the owner/manager against property damage or loss they are responsible for
  • No additional application
  • No additional quote to obtain

Frequently Asked Questions

Indemnification is a term that means if a loss occurs, a party who sustains the loss (the community owner/manager) should be restored to a financial position approximately the same as if the loss did not occur — no better or no worse — by the tenant who originated and caused the loss/damage.
No. The Community Owner/Manager and staff are not selling insurance to tenants, but allow tenant participation, under the community-based property damage loss waiver option, to comply with lease requirements.
No, tenants have choices. A tenant can choose not to participate in the Tenant’s Legal Liability Property Damage Loss Waiver program. For a tenant to indemnify the owner for any losses, he or she must then provide Proof of Insurance. Proof of Insurance is a deck page provided by any insurance company the tenant chooses. The requirements are contained in an addendum to the lease agreements. A deck page from an insurance carrier must cover those requirements. A policy must also show effective and expiration dates. Costs will be based upon the insurer’s rates.

Alternate Coverage
First Flight Insurance alternatively offers traditional HO4 coverage to Tenant Legal Liability (TLL). Additionally, for the qualified client, a captive reinsurance solution may be an option for you. Our team can answer any questions you may have. Please inquire via the contact form below.

How do I get started?

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