Renter(s) must meet certain income requirements in order for a lease to qualify for Rental Protection. A prospective renter will submit a Zillow application for your listing. You will need to collect their most recent income documents, such as pay stubs or W-2s, so you can review the documents and verify that their gross (pre-tax) income is at least twice the amount of the monthly rent you’re charging.
Neither Zillow Insurance Services nor LeaseLock Insurance Services reviews income documents or verifies renter income eligibility. After you review the documents and confirm that the renter meets the Rental Protection income requirements, you’ll mark the renter eligible. This step is important because your claim could be denied if a renter you marked as eligible doesn’t meet income requirements.
Rental Protection is lease insurance for landlords offered through Zillow Insurance Services, LLC (“ZIS”), a licensed insurance producer (AZ license no. 3001395092, CO license no. 721581, and NC license no. 3001614207). ZIS will refer landlords that express an interest in Rental Protection to LeaseLock Insurance Services, Inc. (“LeaseLock”), a licensed third party agent and surplus lines broker, to consider securing for their benefit such coverage, if available. Rental Protection is sold and administered by LeaseLock on behalf of one or more insurance companies. Requested Rental Protection coverage may not be available in the admitted market in your state. Such insurance companies may not be subject to your state’s insurance regulations and protections. Rental Protection may not be protected under your state’s guaranty act with respect to any right of recovery for the obligation of an insolvent insurer. Availability of Rental Protection may be subject to surplus lines exportability in your state.
ZIS may receive a fee or commission in connection with the sale of Rental Protection, but is not appointed to act on behalf of any insurance company. Rental Protection is not available in all states. If you would like information about other insurance coverage options, you should consult another insurance producer.
Zillow, Inc. provides the technology which powers the Zillow Rental Manager platform. Zillow Inc. does not receive compensation for the advertisement or sale of Rental Protection.