For multifamily operators targeting increased profitability, Effective Coverage provides an unequaled resident risk management solution to maximize property value.
The Renters Identity Pro program from Effective Coverage is a powerful identity theft and data breach response solution benefitting property owners and residents alike. Renters Identity Pro reduces risk exposure from data breaches and ensures compliance with the FTC’s Red Flags Rule. Residents will receive the support of a certified recovery advocate who will manage the entire recovery process. Multifamily operators will be able to effectively mitigate the cost of data breaches while residents will have an easier time restoring their identity to pre-breach status.
Effective Coverage provides leading resident risk management solutions to for the multi-family industry. With over 500,000 units enrolled in the Effective Coverage renters insurance program in 48 states, we have the tools to ensure your program’s success and extensive experience offering complete solutions.
How It Works
In the event of an identity breach, residents will receive support from a certified Recovery Advocate who will manage the entire recovery process. Our Recovery Advocate will work with law enforcement, credit bureaus, banks and creditors on the resident’s behalf.

The Renters Identity Pro Process
The Federal Trade Commission’s Red Flags Rule
The average cost of a data breach is $225 per lost or stolen record, according to the Ponemon Institute’s Cost of a Data Breach study. Take $225 and multiply it by your total number of past, current, and future tenants, and that equals the average cost of a data breach.
Essex Property Trust showed $2.8 million in expenses related to cyber-intrusion in their 2015 Annual report after experiencing a data breach in 2014. That is a cost of over $50 per unit in year 1!
Landlords, banks, and credit-granting companies are required to comply with the Federal Trade Commission’s Red Flags Rule. This rule protects consumers by requiring landlords to
watch for and respond to warning signs or “Red Flags” of identity theft. Renters Identity Pro from Effective Coverage is a mitigation platform.
The Renters Identity Pro Process
Detection and Prevention
•Implementation of data security plan
•Multi-Channel intrusion detection process.
•Cyber Liability insurance and risk management
Identity Compromised
•Data Breaches
•Phishing
•Wallet/Purse was stolen
•Spam
•Stolen Documents
•Skimming
Identity Pro Recovery Services
•Dedicated Recovery Advocates & Licensed Investigators work with limited power of attorney to restore victims to pre-event status.
Check Out Our Other Offerings

Renters Identity Pro is just one of many services offered by Effective Coverage.
Your dedicated Effective Coverage program manager will help you quickly customize and implement a program which improves resident retention and satisfaction, decreases losses from negligence, and drastically reduces the administrative burden on property management staff. Our solution is a win-win-win. Check out some of our other products offerings on our products page.
Want to learn more about how you can get your property set up with Renters Identity Pro? Just call 800.892.4308 and select option 3, or send us an email at Team@EffectiveCoverage.com.