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AssetProtect Plan

AssetProtect Insurance Program

The Propertyware AssetProtect tenant liability program is a low-cost solution that protects rentals against accidental damage.

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Put a Safety Net Under Your Assets

Damage from kitchen fires, water, and smoke from a patio grill are all costly repairs, but these expenses typically fall below a liability policy deductible and may be paid directly out of your operating budget. That’s where the Propertyware® AssetProtect comes in.

Propertyware AssetProtect tenant liability program offers property owners and managers a turnkey insurance program that protects rental assets, drives ancillary revenue and maximizes tenant insurance compliance. The program is easy to implement, affordable for the tenant and, best of all, it’s provided at no cost to the owner.

AssetProtect provides coverage with a $0 deductible for standard claims from tenant-caused damages.

Provide your owners and tenants with important coverage that will keep their property safe and show that you have their best interests in mind.

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REDUCE RISK

Propertyware AssetProtect reduces owner risk from accidental tenant-caused damage, avoids costly out-of-pocket expenses and can protect tenants against owner claims.

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RECURRING REVENUE

Propertyware AssetProtect Plan can help property managers generate ancillary revenue averaging $36 per insured unit per year.

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EFFORTLESS FOR TENANTS

This no-hassle option can fulfill liability requirements without quotes or additional effort and provides automatic compliance tracking, making it easy for tenants to adopt and pay for coverage.

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REDUCED ADMINISTRATION

Minimize the headaches associated with collecting, verifying and managing renters insurance certificates.

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TENANT COVERAGE

AssetProtect includes $10,000 in personal belongings coverage to protect tenants’ lifestyles in the event of a loss.

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ONLINE CLAIMS FILING

Property Managers and Tenants have the ability to file claims online in less than 5 minutes.

Program Overview

The program provides $100,000 in coverage for accidental tenant-caused damage by:

  • Fire
  • Water
  • Smoke
  • Backup of Sewer, Drain, Sump
  • Explosion
  • Pet Damage
  • Falling Objects
  • Collapse
  • Bed Bug Remediation
  • Freezing of Pipes
  • Discharge or Overflow of Appliances
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