|
Implementating a "Full Participation" Insurance is the only
effective approach to managing risk and lowering your general insurance
costs given the overall state of the insurance market.
Here a few reasons to implement a Full Participation Insurance program
at your communities.
- Renter’s insurance is a very difficult product
for residents to find and qualify for.
- The result is only 5-10% of your
residents obtain renter’s insurance, leaving you at risk for the
remaining 90%.
- The solution to low penetration rates is to make
proof of insurance a requirement for residency.
- A "Full Participation" program is defined
as requiring all new residents to show proof of insurance as a requirement
of residency.
- By requiring proof of insurance, LeasingDesk can
underwrite every unit in your property, thereby making this valuable
product available to all residents. The resident can choose a provider
other than LeasingDesk.
|