For multifamily operators targeting increased profitability, Effective Coverage provides an unequaled resident risk management solution to maximize property value.
Renters SecurityPro™ works by decreasing the expense of traditional security deposit programs for residents while improving the protection that multifamily operators deserve. SecurityPro does not relieve the resident of responsibility for damages to the home or rental payments owed. Residents purchase Security Pro for a nominal fee. Owners will enjoy increased occupancy while residents enjoy lower move-in costs.
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 and DC, we have the tools to ensure your program’s success and extensive experience offering complete solutions.
Renters Security Pro Makes Move-in a Breeze
Residents can move in for a fraction of the cost. For a $2,000 total deposit, a resident will pay only $350.
The indemnification clause ensures that the resident is still responsible for damages caused, and rent owed.
Multifamily operators receive the benefit of having the SecurityPro policy pay for all future damages.
Renters Security Pro Core Benefits
Simple to use: The burden of traditional security deposits and the costs of legal requirements are eliminated by implementing Security Pro. Even the claims process is simple; identify damages, submit a claim through our electronic platform, and receive payment in minutes.
Increased Occupancy: When you lower the cost to move in, you open doors to more residents. You can maximize revenue by increasing occupancy rates. Some clients even use Security Pro as part of their lead marketing initiatives.
Guaranteed Protection: You are still entitled to the right to recoup after a loss. By holding the resident responsible, you will protect and indemnify the property from future damages. The Security Pro bond is there for you in the event that residents do not fulfill their legal obligations.
Check Out Our Other Offerings
Renters Security 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 Security Pro? Just call 800.892.4308 and select option 3, or send us an email at Team@EffectiveCoverage.com.