Protect your community, safeguard residents and drive ancillary revenue with a full range of insurance and security deposit solutions.
Peace of mind for you and your residents
No two properties — or residents — are alike. That’s why RealPage® Insurance and Deposit Alternatives are customizable. You tailor the solutions to fit your community, property and resident needs. Custom offerings include renters insurance, master insurance and security deposit alternative programs.
RealPage Insurance specializes in structuring, forming and managing resident insurance and deposit alternative programs for multifamily and single-family property owners and operators.
With our unmatched expertise, integrated capabilities, customizable solutions and customer insights, we can offer you innovative protection options that mitigate risk and enhance revenue.
Insurance solutions with measurable results
4M rental units rely on RealPage Insurance Solutions
20+ years of insurance experience
$80+/year generated in ancillary revenue with RealPage Insurance Solutions
Maximize coverage and drive ancillary revenue with RealCoverage
Elevate your insurance program with RealCoverage – the solution that provides the most robust coverage while removing the burden of insurance program management.
- Comprehensive Coverage: Significantly reduce exposure to inferior policies by increasing resident adoption with your preferred insurance vendor and get better coverage by complimenting traditional renters insurance with a master policy program
- Hassle-free resident experience: Customizable coverage and payment options. Provide your residents with comprehensive coverage that meets lease requirements and offers convenient pay with rent options.
- Streamline operations: Leverage technology and integrations to increase productivity and automate resident communication. Eliminate the need to collect, verify, and manage insurance certificates and automate third party policy cancellation tracking and notification.
- Unlock more revenue: RealCoverage can generate additional income through marketing, admin, and lease violation fees. With trusted insurance solutions that protect your residents and generate an average annual revenue of $48/unit.
eRenterPlan + RenterProtection
eRenterPlan offers residents affordable, comprehensive coverage, while optional RenterProtection provides gap coverage for vacant units or uninsured residents.
The combination of both provides you with a comprehensive renters insurance program, including:
For residents: same-day, customizable coverage
For owners: asset protection and insurance savings
For property managers: ancillary revenue collected via marketing fees or commissions
- Automated gap coverage for uninsured residents
Mandating renters insurance for residents has become commonplace (84% of communities require it*). Using eRenterPlan and RenterProtection has proven to increase compliance by as much as 41%**.
Read more about eRenterPlan
An affordable alternative to resident insurance that protects rental assets, AssetProtect also helps you create a valuable new revenue stream:
- For residents: easy and convenient liability insurance option that is added to the residents rent ledger and includes personal contents insurance options.
- For owners: mitigates risk of accidental, resident-caused damage by insuring up to 100% of occupied building units under one master insurance policy
- For property managers: generates revenue via a commission-free administrative fee and profit-sharing component
Remove the burden of site staff reviewing and monitoring insurance policies with Policy Validator, and let your site staff focus on attracting and retaining residents.
- For residents: option to upload their own third party policies
- For owners: minimize risk exposure by ensuring residents insurance meets the minimum requirements
- For property managers: leverage RealPage Insurance experts to validate and manage third party insurance policies and automate resident communications for out of compliance and renewing residents
- Available when combined with one of our insurance solutions and gap coverage
Give you residents the choice of a small, monthly non-refundable premium instead of a larger upfront security deposit with Deposit Insurance — a zero-risk deposit replacement solution. Generate ancillary revenue without losing leases from high deposits at a fraction of the cost of other solutions.
Gain peace of mind with guaranteed payments for loss of rent and damage.
- Drastically reduce time spent collecting, managing and refunding security deposits while driving ancillary revenue
- Increase your coverage above market security deposits
- Decrease move-in costs for residents by replacing your security deposit with an affordable monthly payment
Offer your residents the option of purchasing a one-time, nonrefundable surety bond to guarantee lease obligations. Providing a low cost alternative to traditional security deposits can attract more residents and generate ancillary income.
Read more about Deposit Alternatives
- Residents qualify through your existing screening process, offering them an alternative to the traditional security deposit
- Property is still covered up to the bond amount
- Residents remain responsible for any loss of rent or damage, but is able to move in at a much lower cost
Best in Class. Easiest to Use.
RealPage Insurance solutions represent the best the industry has to offer—and you can access it all in one place.
The only solution that allows you to view compliance data from a single, familiar platform. Integrates with key leasing and resident solutions such as Online Leasing, ActiveBuilding® and the On-Site platform.
Competitive rates—no premium increases for filing claims. Avoids cost to owners and provides ancillary income.
Created for Renters
RealPage Resident Insurance was developed specifically for the multifamily industry. It’s affordable and customizable insurance that benefits both you and your residents.
Covers the Uninsured
RenterProtection gap insurance can further reduce risk to solve the issue of uninsured residents by placing a property policy on the lease requirement.
Start protecting your properties, safeguarding residents and driving ancillary revenue.
How Covered Are You, Really? Understanding Resident & Deposit Insurance
Comprehensive Renters Insurance is a Must, Not an Option
Customers Share Benefits Of Requiring Renters Insurance
Reduce Liability and Risk with LeasingDesk Renter’s Insurance
RealPage Understands Business Needs
RealPage BI Solutions Review by Barker Management
*according to an NMHC 2013 survey
**from a 2013 18-month study by RealPage Consumer Marketing
RealPage insurance services are offered through our wholly-owned insurance agency subsidiaries.