Leap Launches in NY and NJ
Meet Leap, the newest provider of rent guarantee available in NY and NJ.
We've been busy delivering bagels in Leap's signature purple color to potential clients today. Thanks @EssABagel! And yes, they taste as good as they look 😛 pic.twitter.com/ProQx0r9gi
— Leap (@LeapInsurance) June 11, 2018
Our brand new ads are up at Grove Street Station in Jersey City! Take a look 👀 on your way home today. https://t.co/PiqD7MIUGl #NJPath #leapeasy #furbaby pic.twitter.com/QUIThy4p2n
— Leap (@LeapInsurance) June 15, 2018
Founded in May 2018 by Richard O’Connell, Leap allows renters to apply online after or before finding an apartment, as the company claims it is the first player in the space to offer pre-approvals. If approved, tenants pay a service fee equivalent to “less than 1 month’s rent” and Leap will offer coverage for leases up to 18 months. Coverage is provided by “an insurance company currently rated A (Excellent) by A.M. Best.”
“With fintech principles fueling cutting-edge insurance technology, we have simplified the process for residents, landlords, and brokers. “Highly efficient underwriting and customer onboarding technology leads to efficiencies and cost savings all along the production line. Leap passes these savings on to the consumer, making our rent protection product a terrific value and an easy purchase decision for consumers while offering best-in-breed insurance coverage to landlords.” – CEO and Founder of Leap, Richard O’Connell.
Bottom Line: in the space of Jetty, TheGuarantors, and Rhino.
