Multi-Family HousingTenant programs that make economic sense.
Multi Family Program
Requiring tenants to have renters insurance is good business, however not all tenants will recognize the value nor want to purchase full coverage. As a convenience for those tenants, our program offers an affordable alternative protecting the property for accidental damage while providing a valuable new revenue stream.
When leasing an apartment, the tenant will be required to provide proof of insurance or accept an affordable waiver from the facility for $11 a month. The waiver satisfies the lease provision requiring the tenant to carry his/her own renters policy and waives the right to hold the tenant responsible for accidental damage to the apartment. The waiver does not protect the tenant for his/her obligation for excess wear, pet damage or intentional acts of vandalism.
The waiver fee is ultimately deposited into a Captive Insurance Company / Segregated Business Unit owned by an entity appointed by the owner or management company self-insuring the most profitable part of a tenant insurance policy, accidental property damage. With TWP, you own the solution and have an opportunity to profit from the risk rather than just receiving a nominal commission or administration fee from a third party tenant-insurance provider.