US 2005/0240448 A1 · System and method for insuring an entity against tenant default with respect to an income-producing property

Abstract

According to one aspect of the present invention, a method is provided for insuring an entity with respect to an income-producing property including at least one tenant paying rent to the entity. In accordance with the method of this aspect, a policy is provided to an entity, where the policy defines a default of at least one tenant of the property based upon a financial inability of at least one tenant to pay rent to the entity. The entity can then be insured under the policy, where the entity is insured against loss of a income due to default of at least one tenant of the property. Additionally, the entity be a buyer arrangement engaged in a communication with a seller arrangement regarding the property. In such instances, the buyer arrangement can be insured after the parties conclude a real estate transaction involving the property.

Claims30

Dependent claims

A system for insuring an entity with respect to an income-producing property including at least one tenant expected to pay rent to the party, the system comprising:

a facilitator arrangement capable of providing a policy to an entity, the policy defining a default of at least one tenant of the property based upon a financial inability of at least one tenant to pay rent to the entity, and wherein the facilitator arrangement is capable of insuring the entity under the policy, the entity being insured against loss of a income due to default of at least one tenant of the property.

Dependencies are inferred from the claim text.

System and method for insuring an entity against tenant default with respect to an income-producing property

Life of this patent

System and method for insuring an entity against tenant default with respect to an income-producing property

Life of this patent

Abstract

Claims30