TINTON FALLS, N.J.--(BUSINESS WIRE)--World Insurance Associates LLC, a fast-growing, independent insurance agency headquartered in Tinton Falls, NJ, launched the Pensio Tenant Benefit Association on May 31, 2019.
There are 75 million households renting in approximately 48.5 million rental properties in America. Tenants in the United States pay more than 487 billion in rent annually. The Pensio Tenant Benefit Association, administered by World Insurance Associates LLC, provides enrolled members who are residential rental property tenants with comprehensive services and rent benefits in the event of involuntary job loss or disability.
“We believe that renting should be an empowering and positive experience, just like homeownership. We are dedicated to make renting better for our Members,” stated James Li, President of Pensio Tenant Benefit Association.
Rich Eknoian, CEO of World Insurance Associates LLC, said, “We are thrilled to administer the Pensio Tenant Benefit Association. Bringing this valuable product to residential rental tenants in the United States on an exclusive basis is a unique and compelling opportunity.”
The Pensio Tenant Benefit Association is a group of rental property tenant specialists, administrators, and service providers. The Association is a participating member of a captive insurance company; Rentalis Insurance Company, Inc., reinsured by reinsurers rated AM Best A or better, administered by World Insurance Associates LLC. To learn more visit www.pensiotenants.com.
World Insurance Associates LLC (WIA) is an independent insurance agency headquartered in Tinton Falls, NJ. It offers personal and business insurance in 50 states. The company specializes in transportation, hospitality, self-storage facilities, construction (surety), manufacturers, and law firms. WIA also provides group benefits and property and casualty insurance to companies of all sizes in a variety of industries in addition to insurance services for individuals, focusing on coastal properties and high net worth clients. WIA began business in 2012, has completed 41 acquisitions, and serves its customers from 27 offices. The company is ranked #15 on the 2018 NJBIZ 50 Fastest Growing Companies in NJ and #6 in New Jersey’s Top Insurance Brokerages, also by NJBIZ. WIA made the 2018 Inc. 5000 list at #1680, has been named a Top 100 Independent Property/Casualty Agency by Insurance Journal, and is a Business Insurance 2018 Best Place to Work. For more information, visit www.worldins.net.