LeaseLock Insurance Services and Boost Insurance have partnered to launch a monthly subscription-based security deposit alternative for renters. The new service is called LeaseLockInsurance.com. Instead of a security deposit, renters will be charged $19 per month for coverage against $5,000 in rent or damage loss on each lease. In lieu of monthly charge of $19, the rental is offer insurance coverage worth over $5,000 against rent and damage loss on every lease. The product will be available to US property owners and managers through Boost’s digital platform.
LeaseLock Insurance Services and Boost Insurance have partnered to launch a monthly subscription-based security deposit alternative for renters. The new service is called LeaseLockInsurance.com. Instead of a security deposit, renters will be charged $19 per month for coverage against $5,000 in rent or damage loss on each lease. The product will be available to US property owners and managers through Boost’s digital platform.