I still think that an equivalent can be constructed absent the insurance framework.

Currently when an insurance company denies a claim, you can count on the government as being a third party in the settlement of the claim.

If you don't want to go 10 rounds or risk them going to your landlord, consider negotiating a settlement.

Included will be the delivery of good title at settlement, having a title search and insured title, who pays for settlement costs, when possession is given, inspection periods, insurance provisions, other issues including actions to be taken in the event the parties breach or fail to perform and disclosures required.

A teacher can only give you a framework and can't account for all the different situations that may arise.

I know from experience that an aggressive lawyer can bring matters like these to a settlement without ever going in front of a judge.  

Couldn't find a security deposit settlement form in the marketplace. 

Here’s my share of crazy applicants “He Mr landlord let me grow weed in the attic we can share the profits ““ my wife gives massages... can we work out the security deposit ““I don’t have much money now BUT I have sued my current landlord so can I pay you rent once I get my settlement “ SMH!!

the 20% down no appreciation rental real estate purchases of the last few years are already underwater if market just drops 10% from what they paid for them the other 10% will be eaten up in settlement charges.. so there goes the investors downpayments..

Here are some examples: (1) one of my clients buys 25 - 30 properties a month, he would never pay attention to a ranking on markets because he knows the towns he buys in, which has helped make him very successful (he's worth $20 - $25M USD), (2) my partner did some preliminary work for a hedge fun, they were looking to drop tens of millions of dollars - for them market trends mattered a lot because of the amount of capital they were deploying and the time horizon of the investments  I realize that I am not answering your question, but I hope that the above is useful as a frame work.