• Your residents are automatically approved for Renter's Insurance just by living in your property.
  
  
• Renter’s Insurance is a very difficult product for a resident to find on their own due to:
  - The low commissions insurance agents make on the product.
  - The resident must qualify for the policy based upon their own personal demographics, credit, and risk profile.
  
  
• You are offering your resident a product which is
  - Easy to find
  - Easy to qualify for
  - A superior product
  - Priced competitively
  
  
• Renter's Insurance Ranks in the top 10 most desired ancillary services according to a recent study of residents:
  

1. Covered Parking
2. Parking Garage
3. Video Rental
4. Satellite TV
5. Screened Porch
6. Renter’s Insurance
7. Dry Cleaning
8. Laundry Service
9. Utility Connect/Disconnect
10. Convenience Store
    

II. Risk Management

Current Landlord Insurance Voids

• Average property carries a per occurrence deductible of $10,000
  
  
• Great majority of claims do not exceed $10,000.
  
  
• Result is the landlord bears most of a property’s liability except for major catastrophes.
  
  
• At the minimum, this liability leads to unforeseen hits against NOI budget, and at the worst, large financial losses.
  
  
• For damages caused by the resident, average annual expense per unit for a property ranges from $5-$21.
  
  
• Disputes over liability for resident caused damages leads to adversarial property owner/resident relationships, lost rents, and legal fees.
  
  

III. Revenue Source

Depending on your implementation, LeasingDesk provides the property owner compensation for their efforts. Contact our office for more details.