AssetProtect Insurance Program
The Propertyware AssetProtect tenant liability program is a low-cost solution that protects rentals against accidental damage.
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 property managers and owners liability coverage for their homes/units with a $0 deductible for standard claims resulting 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.
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.
RECURRING REVENUE
Propertyware AssetProtect Plan can help property managers generate ancillary revenue averaging $36 per insured unit per year.
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.
REDUCED ADMINISTRATION
Minimize the headaches associated with collecting, verifying and managing renters insurance certificates.
TENANT COVERAGE
AssetProtect includes $10,000 in personal belongings coverage to protect tenants’ lifestyles in the event of a loss.
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
AssetProtect Delivers Benefits Beyond Tenant Policy Coverage
HCO Properties & Realty has found AssetProtect to be a value-packed addition to its residential benefit package that goes beyond protecting tenants and owners with good, solid insurance against accidents or damage from people or pets. Seamless integration into Propertyware makes ensuring renters policy coverage for every tenant simple and affordable, and the additional protection gives owners peace of mind with reduced risk of expense, loss or liability.
