A couple years ago, when my wife and I got our first apartment, our apt complex had us buy an insurance policy from epremium. This cost us significantly less than an actual security deposit and in this competitive market this may be a good tenant incentive. I was curious to see if anyone has any experience in using them or another deposit insurance provider. I'd like to know your opinion on the pros and cons. Also, has anyone had to actually make a claim with one of these providers? Was it difficult? Did they pay out readily, did it take months? How was your experience? Thank you 

I've talked to epremium and a few other providers (Assurant, Leaselock), but calling it in insurance is a bit of a misnomer. There is renter's insurance and then there is security deposit replacement or alternative. Those things are not insurances since no insurer is covering the risk. In fact, the landlord would cover the risk just like with a security deposit. The one-time non-refundable fee the tenants pay go into a "bucket" from which claims are paid out. But once the bucket is empty....

So far I've failed to see the point in it for landlords...