Resident Liability Insurance
Enhanced master liability insurance for the rental housing industry
Master Liability Products
Protect
Protect Plus
Mitigate potential loss from lapsed coverage with tracking of resident’s coverage.
Protect Advantage
Point of Lease
ePremium Protect
ePremium Protect provides enhanced resident liability coverage designed to maximize protection for each unit from resident-caused damage. This program is designed for portfolios with a primary program objective of 100% coverage. All units protected all the time.
Different from more common liability insurance programs, our ePremium Protect program not only protects from the infrequent large catastrophic losses but also addresses the more frequently occurring resident-caused unit damage such as:
Pet Damage
Dog Bite
Bed Bugs
Exhaustion of Limit
Additional Living Expenses
ePremium Protect Features
Online Renters Insurance Upload
Residents can utilize our online renters insurance upload anytime allowing property managers to save time.
Removes Administrative Overhead
Removes administrative overhead associated with tracking renters insurance & lease compliance.
Ancillary Revenue
Provides residential properties the opportunity to generate significant ancillary revenue.
ePremium Protect Plus
ePremium Protect Plus covers all the above features plus automatic coverage and auto-activation of insurance coverage.
Validates 3rd Party Insurance
Validates your resident’s third-party insurance to ensure it is compliant with your lease requirements and currently in place, enabling Automatic Coverage.
Automatic Coverage
Auto Coverage Endorsement on your property master liability policy. Protects you from covered losses of lapsed coverage.
Auto Activates Coverage
Based on the validation of 3rd party insurance, the program automatically activates coverage on your property master liability policy for any resident out of compliance.
How Does It Work?
Step 1:
Step 2:
Uncovered unit added to the property protection policy.
Step 3:
Step 4:
ePremium Protect Advantage
The most efficient method to cover all occupied units. With Protect Advantage, property managers can include property damage coverage through lease agreements, so they are assured all occupied units are covered. Includes basic property damage coverage for resident-caused losses due to:
Fire
Water
Smoke
Explosion
Protect Advantage Features
Property Damage Coverage
Property damage coverage for all occupied units.
Ancillary Revenue
Provides an opportunity to generate significant ancillary revenue.
Flexible Coverage Options
Lower Premiums
Protects commercial property insurance and may lower premiums.
How Does It Work?
Step 1:
At Property Level
Occupied unit is added onto the property protection policy.
Step 2:
During Lease Agreement
If permitted by the lease agreement, “Protect Advantage” charge is added to the resident’s monthly ledger.
Step 3:
Property Management Company
We invoice property/management companies monthly for premiums applicable to scheduled units.
Point of Lease
A simple solution for residents during the lease signing process to elect to satisfy a liability insurance requirement through a monthly waiver fee. This fee may be used by the property manager to pay the policy premium for the unit.
Key Benefits
Easier for residents to meet the insurance requirements of lease
The property manager knows that lease requirements are always fulfilled if the resident opts in
An inexpensive option for the resident without the need for individual underwriting
Ancillary revenue opportunity for management
How Does It Work?
Step 1:
At Lease Signing
Resident elects to pay liability insurance waiver fee to satisfy lease requirements.
Step 2:
Monthly Fee
The unit is added to the policy and “Renters Point-of-Lease” charge is added to the resident’s monthly ledger.
Step 3:
Property Management Company
ePremium invoices the property or management company monthly for premiums applicable to scheduled units.
Learn More
Curious to discover how our insurance programs can benefit your apartment communities or single-family rentals? Allow us to arrange a conversation with one of our sales associates who can kickstart your journey!