We’re a fintech company providing insurance solutions that enhance access for renters and protection for landlords. As a licensed insurance broker, we collaborate with insurance carriers to deliver the necessary coverage.

Padder Guarantor is a bespoke insurance policy that ensures tenants meet their lease obligations throughout their tenancy. By purchasing this policy, renters can meet the qualifications to rent a home they might not otherwise qualify for. The policy covers the landlord for the duration of the lease, ensuring rent is paid even if the renter misses a payment—though the renter remains responsible for those payments to Padder.

Renters pay for the insurance policy. The price is determined after they go through our underwriting process. Our Padder Guarantor covers the tenant’s lease obligations and reimburses landlords for missed rent payments.

Padder Guarantor is paid for by the tenant and costs between 25% and 130% of one month’s rent. The total cost depends on the coverage selected by the property manager, the province of residence, and the tenant’s credit history.