Updated about 6 years ago on . Most recent reply
Renter's Security Deposit Insurance
Anyone else being required by law to offer alternatives to the age-old security deposit dilemma? A new Cincinnati ordinance is now requiring landlords with 25+ units to offer some other alternative to the standard security deposit, and I am sure such is the case in other locales.
Does anyone have any experience with this type of insurance? I did a google search, but didn't find too many outlets offering security deposit insurance. To those who offer this alternative to their prospective tenants, who are you using as an insurer?
Any thoughts/ reviews/ raves/ insights/ dislikes on these types of insurance plans, whether good, bad or ugly?
To be clear, I am not talking about common everyday renter's insurance.