AUSTIN, Aug. 17, 2021 - Obsidian, an A.M. Best rated "AA-" hybrid fronting program carrier, has teamed up with SafeLease Insurance Services to provide a novel tenant protection program. Initially focused on the self-storage market, this partnership will allow SafeLease to enable the most robust tenant contents protection plans and offer superior economics to landlord partners.
Tenant insurance has traditionally been difficult for landlords to sell as a leasing add-on, making it more of an administrative burden than meaningful income source. SafeLease solves this problem by integrating its proprietary protection plan directly into the storage facility's standard lease and managing all reinsurance operations, billing, and claims in-house.
"By partnering with Obsidian, we've established a foundation for SafeLease to become a new leader in contractual liability products," said Steven Stein, founder and CEO of SafeLease. "We know the self-storage market well and are delighted to have Obsidian as our fronting partner who invested their time and resources to understand this niche."
"We are very excited to be partnering with SafeLease on this new opportunity," said William Jewett, CEO of Obsidian. "Steven Stein has built a purpose-driven team that is well-positioned in this rapidly evolving market segment, and we are confident that our partnership represents an attractive and sustainable opportunity for Obsidian."
To learn more about SafeLease, visit www.safelease.com.
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