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Residents Insurance


Residents Insurance - Mitigating Risk from Resident Caused Damage

Residents Insurance is a customized solution tailored to fit our clients' individual needs. Our Sales Consultants will work with you to select a program that fits the needs of your portfolio. To complement our Residents Insurance program, we also offer SureDeposit, the alternative to traditional security deposits. Assurant’s suite of products provides multifamily housing professionals with a cutting-edge risk mitigation solution. We make it simple for your residents to satisfy the lease insurance requirement, while ensuring your portfolio is fully protected. If your community suffers a loss, our programs are designed to protect you from resident-caused damage as a result of fire, smoke, explosion, and water.

  • Renters Insurance
  • Liability-Only
  • Point of Lease
  • Property-Placed Insurance
  • Resident Uninsured Loss Protection


Our Renters Insurance program is one of the most comprehensive programs available to the industry. It includes an array of options such as:

  • Personal Liability — Available up to $300,000.
  • Personal Property — Residents can protect what they own with flexible coverage options from $5,000 to $95,000.
  • Low Deductibles — Options from $100 to $500.
  • Involuntary Unemployment Insurance (IUI) — Should a resident become unemployed, IUI will pay the property manager up to $500 a month, for up to two months, to compensate for lost rent income.
  • Replacement Cost — Pays to replace damaged or destroyed belongings with brand new items or items of equal value.
  • Water Backup of Sewers or Drains — Protects residents from damage as a result of water backup of sewers or drains — a coverage often excluded from standard renters insurance policies.
  • Identity Fraud — Reimburses your residents up to $15,000 for losses due to identity fraud.
  • Earthquake — Pays for damage to your residents’ personal property as a result of an earthquake.

Coverage and limits may vary by state.


We are one of the few companies that offers a Liability-Only Insurance option. This program is a low-cost product that allows residents to satisfy the lease insurance requirement, but who do not wish to protect their personal property. It offers up to $300,000 in coverage with no deductible and ensures liability protection from damage due to a resident’s negligence.

Our Point of Lease program allows residents to conveniently add the insurance cost to their rent payment. This coverage can include liability and personal property protection. Your residents will be enrolled at time of lease, which eliminates any lapse in coverage and allows your resident the convenience of making a single payment to meet their lease insurance requirement.

Coverage, restrictions and products vary by state.


Property-Placed Insurance is designed for communities to secure coverage for residents who do not comply with the lease insurance requirement. This program ensures compliance through the lease term, resulting in reduced expenses to the community from resident-caused damage.

Coverage, restrictions and products vary by state.


Resident Uninsured Loss Protection is a commercial insurance policy issued directly to your community that provides liability protection to uninsured residents and vacant units in the event of a loss.