ePremium EDeposit

Security Deposit Alternative

Security deposit alternative for the multifamily industry

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ePremium’s eDeposit protection program provides an option for residents to lower up-front move in costs, expanding your pool of prospective renters.

eDeposit Security Deposit Alternative Benefits

The eDeposit security alternative offers many benefits:

Easy for your renters with automatic qualification when they buy Renters Insurance through ePremium.

May lower renters’ move in costs, expanding your pool of prospective renters.
Can include additional Renters Insurance liability options, protecting your residents and your property.
Funds available for resident-caused damage with eDeposit + Renters Insurance.
No need to involve resident when filing claims to eDeposit loss fund.
Qualifying eDeposit claims paid within 13 business days.

eDeposit Select Features

Expand Prospect Pool

Expand Prospect Pool

Drive Leasing Velocity

Drive Leasing Velocity

Improve Leasing Process

Improve Leasing Process

Ancillary Revenue

Provide Enhanced Coverage

Increase Your NOI

Streamline Move Out Process

Decrease Bad Debt

Decrease Bad Debt

How does it work?

Step 1:

Quality

Residents who buy Renters Insurance through ePremium automatically qualify for the security deposit alternative linked to your eDeposit program.

Step 2:

Enroll

Residents who purchase the security deposit alternative pay a one-time fee that is good for up to five years and is NOT refundable at move out.

Step 3:

Fund

ePremium Services issues the property an eDeposit Protection Certificate. Seventy percent of the eDeposit program fee is added to the property’s loss fund.

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!

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