Renter's Insurance

Save Money, Improve NOI

Implementing a LeasingDesk renter’s insurance program as part of your community’s strategic risk management plan reduces exposure, decreases cost, and ultimately improves NOI by eliminating the cost of deductibles and out-of-pocket expenses from resident-caused damages. And you may be surprised to know that a renter’s insurance program provides these savings at no cost to the property owner.

The Value of a Required Renter's Insurance Program

• Save $22 per door/per year.

  A recent independent study on insurance for the multifamily industry estimates that a required renter's insurance program saves a 5,000-unit portfolio $22 per door annually - at no cost to the property owner. This represents a nearly 80 percent savings on out-of-pocket costs associated with resident damages.

• Ancillary revenue stream.

  In addition, LeasingDesk provides a marketing service fee to the property owner for their marketing assistance.

  
• Save on out-of-pocket expenses.

  Resident-caused damages are covered by renter’s insurance so you save your deductible and costly out-of-pocket expenses.

• Save on your property insurance.

  Property owners typically realize a reduction in their property and casualty insurance premium as a result of an improved loss history. When residents pay for their own damages through their insurance, you can increase your deductible and realize better premiums.

• No administrative expense.

  LeasingDesk manages the entire program, including training of your site staff, marketing, claims processing, and reporting. We provide weekly notification to every site of cancelled, renewed, and expired policies.