New insurance program pays rent

WISCONSIN (CBS 58) -- A new Wisconsin startup is helping out when you can't make the rent. 

Renter SafetyNet just launched and works directly with landlords but benefits renters too. 

Landlords pay a minimum of $5 per unit, per month for the insurance. Then, if a renter gets laid off, gets an illness, or gets hurt, the insurance program covers the tenant's rent. 

"When the income disappears, they're in a precarious situation. They are struggling to decide whether to put money toward rent or toward auto-repair and when they have to make that decision, sometimes the Wisconsin landlord doesn't get paid," said Danielle Sesko with RenterSafetyNet. 

Renter SafetyNet will pay for rent for up to three months. For more information, please click here.