NaborlyShield is offered to landlords, agents and property managers who want to eliminate the risk of the cost, time and stress associated with an eviction. After you get a Naborly Report back, you will see a NaborlyShield Quote that is correlated to a tenant’s Naborly Score. If you decide to purchase NaborlyShield and your tenant defaults on rent, you just need to email Naborly and Naborly will pay you rent for up to 6 months, cover property damage, and give you 1 month’s rent to release the unit while processing the entire eviction on your behalf.
NaborlyShield protects landlords from tenants defaulting on rent or not giving required notice before vacating the property. Typically, if a tenant doesn’t pay their rent, a landlord will have to navigate the eviction process through the Landlord and Tenant board. When you purchase NaborlyShield, you will receive from Naborly:
- Up to a maximum of 6 months' rent while you are not receiving rent from your tenant
- Naborly processes your eviction (up to a maximum of $2,500 in services)
- Naborly compensates you for re-renting your rental unit (up to a maximum of 1 month’s rent)
- Naborly compensates you for property damage caused by the tenant (up to a maximum of $2,000)
There is a 10% deductible on any damages incurred.