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LeasingDesk
Published: October 23, 2007
LeasingDesk Insurance Services, a wholly owned subsidiary of Real Page Inc. and a provider of point of lease systems to the multifamily industry, has unveiled RenterProtection, its new insurance supplement. This cost-effective program has been designed to allow owners to purchase a policy that protects against financial loss due to resident-caused damages related to water, fire, smoke or explosion in residential units.
Although similar to the liability portion in traditional renter’s insurance, RenterProtection provides $25,000 to $100,000 in supplemental coverage for these potential damages. Owners utilizing the program will not incur costs due to gaps in coverage from below-deductible claims or damage caused by residents without insurance. The program can even extend coverage to vacant units.
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