LeasingDesk Makes It Easier For Multifamily Owners to Offer Insurance

IRVINE, CA (November 24, 2004) – LeasingDesk Insurance, the only online provider of renter’s and liability insurance solely specialized in the multifamily industry, announces the launch of their updated eRenterPlan web-based insurance enrollment product and process at www.eRenterPlan.com. While LeasingDesk specializes in full-participation insurance and offers numerous customized insurance programs, this online enrollment feature provides an additional option to apartment owners to offer insurance to residents with very little involvement.

“Apartment owners vary on the amount of involvement they want to have when it comes to offering an insurance amenity. Some want to pursue the full-participation insurance program and others simply want to provide residents with a brochure and leave the decision to them,” explains Dirk Wakeham, President of LeasingDesk Insurance. “Owners may differ in the way they approach insurance, but they all have the same goal in mind – they want to lower their financial exposure by offering insurance while providing their residents with a valuable amenity.”

The new eRenterPlan feature allows owners to offer insurance to residents easily and passively. Owners interested in offering residents pre-approved insurance at specially negotiated rates simply:

1. ontact LeasingDesk Insurance so their community and all residents can be pre-approved for insurance coverage.
2. LeasingDesk Insurance will then provide the community with eRenterPlan marketing materials.
3. Residents visit www.eRenterPlan.com, select their community and enroll online.

eRenterPlan benefits owners of all sizes by providing an easy-to-implement solution that assists in reducing financial exposure that negatively affects the property’s NOI. Recent industry studies show that only about 5% of all apartment residents carry renter’s insurance. This in turn financially exposes apartment owners in the case of resident-caused claims such as fires. “eRenterPlan is the industry’s easiest process for offering residents insurance. Plus, the simplified process enables small- and medium-sized owners to increase their NOI by providing their residents with an insurance option,” explains Wakeham. “It’s a program that is truly is a win-win for everybody.”

About LeasingDesk Insurance
LeasingDesk Insurance is the largest provider of group insurance programs for the multifamily industry, specializing in affordable renter’s and liability insurance products for residents. The eRenterPlan products are provided by LeasingDesk and underwritten by numerous companies including QBE Insurance Corporation, QBE Specialty, Sirius America Insurance Company, Homesite Insurance Group and Balboa Insurance Group.

For additional information please contact Dirk Wakeham at 949.809.7005 or visit their website at www.leasingdesk.com.

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