Who and What is Causing Apartment Fires?

This alarming statistic as well as the other findings in the study is of great concern to apartment owners because most residents (94% according to industry sources) fail to obtain a renter’s insurance policy. This in turn makes apartment owners financially exposed in the case of resident-caused claims such as fires.

“Resident-caused accidents such as fires are hurting properties’ NOI significantly because most residents do not have liability insurance. As a result, owners are absorbing the cost of losses and paying for repairs directly from their operations budget in the case of claims that fall below the deductible,” explains Dirk Wakeham, President and CEO of LeasingDesk Insurance. “We offer a solution that benefits owners and residents through our multifamily insurance product, eRenterPlan. It is truly a win-win for everybody.”

LeasingDesk Insurance, an online provider of renter’s and liability insurance, offers property owners an easy way for residents to acquire renter’s insurance, therefore lowering the risk for the property. The program, eRenterPlan, protects properties against claims that don’t meet their deductible, while protecting residents from personal property and liability losses. LeasingDesk is the first and only multifamily insurance company that offers liability insurance separate from personal property insurance, therefore making it a viable option for apartment owners to require insurance as a condition of residency.

**Tables and graphs, including data on the following topics from the Alpha Risks Services study is available upon request.
- Pie chart of who/what is causing apartment fires
- Graph of specific causes of apartment fires by frequency
- Graph of specific causes of apartment fires by severity (claim $ amount)
- Data on the average $ claim as related to cause and the total $ of claims

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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