Deposit Alternative Program
The Deposit Alternative Program is designed to get residents into a unit at a reduced cost while providing the property an ancillary income opportunity and the same protection the property would have from a traditional deposit
Damage Waiver Program
The Damage Waiver Program is designed to give residents a simple, convenient option to fulfill the insurance requirement of the lease while reducing workload for the site team, increasing insurance compliance and providing an ancillary income opportunity for the property owner
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Our Programs
Deposit Alternative Program
The Deposit Alternative Program is designed to get residents into a unit at a reduced cost while providing the property an ancillary income opportunity and the same protection the property would have from a traditional deposit
Why it works?
- On average, 80% of residents will remain auto-enrolled in the Deposit Alternative Program
- The property owner can earn a $3 admin fee on each enrolled unit
- By offering an alternative to a traditional deposit, you are able to market your property as “deposit free”
- Residents get to hold onto their cash
- Residents pay a small, monthly non refundable fee rather than paying a large deposit
- Confirm Insurance staff handles all opts out and monitors all 3rd party policies
- By not requiring a deposit, your teams are no longer bound by complex/burdensome guidelines associated with deposits at moveout for residents enrolled in the Deposit Alternative Program
- Coverage is structured to mirror typical charges that are covered by a deposit
- The property has the same protection whether the resident paid a traditional security deposit or was enrolled in the Deposit Alternative Program
Damage Waiver Program
The Damage Waiver Program is designed to give residents a simple, convenient option to fulfill the insurance requirement of the lease while reducing workload for the site team, increasing insurance compliance and providing an ancillary income opportunity for the property owner
Why it works?
- On average, 80% of residents will remain auto-enrolled in the Damage Waiver Program
- The property owner can earn a $3 admin fee on each enrolled unit
- Residents are auto enrolled in waiver and can opt out at any time during their lease
- Residents no longer required to provide proof of insurance to move in
- Site team no longer collects nor reviews insurance policies
- Residents who wish to opt out of waiver program do so through the confirminsurance.com website/staff
- Confirm Insurance staff handles all opts out and monitors all 3rd party policies
- Confirm insurance staff audits properties monthly ensuring all residents are either enrolled in waiver program or have provided proof of 3rd party insurance to confirminsurance.com
- Resident receives $100,000 waiver of liability in the event of negligent action or inaction resulting in smoke, water, fire, explosion, falling object, sewer backup damage
- Property owners receives reimbursement up to $100,000 in the event of negligent action or inaction by enrolled residents resulting in smoke, water, fire, explosion, falling object, sewer backup damage