About Accidental Rental Damage Insurance
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How do I make Accidental Rental Damage Insurance available to my guests? |
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Simply Register your unit(s) on www.dpscondos.com/registration_form.php .
Once we process your request, you will receive a Welcome Package with your specialized Addendum to your lease that gives your renter instructions on how to purchase the policy. You will also receive a LINK to post on your website if needed. That's it! More questions? Contact us at customer_service@dpscondos.com
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Why offer Accidental Rental Damage Insurance? |
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Property Managers turn to Accidental Rental Damage Insurance to help them simplify and save by reducing the costs and administration associated with the sometimes problematic management of security deposits.
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| Q. |
How does Accidental Rental Damage Insurance work? |
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When guests purchase the plan, Accidental Rental Damage Insurance provides them with coverage if they accidentally damage the property or any of its contents during their stay, even if the damage was caused by their pet!
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| Q. |
How do your guests benefit from Accidental Rental Damage Insurance? |
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Guests no longer need to worry about when or how much of their security deposit will be returned. When they purchase the affordable Accidental Rental Damage Insurance, they no longer have to be concerned about writing a check or charging their credit card for hundreds of dollars to cover a security deposit. Having to write a check or tie up their credit card with a security deposit can be a reason for some potential guests to change their vacation plans.
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How do Property Managers benefit from Accidental Rental Damage Insurance? |
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By reducing the administration time and cost associated with collecting, managing and refunding guests’ security deposits, Property Managers can focus on what really matters - building their business.
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| Q. |
How much does a guest pay when purchasing Accidental Rental Damage Insurance? |
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Guests pay a flat rate of $69.00, which provides coverage up to $3,000.00.
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How do I incorporate this in my lease agreement? |
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Simply include text in your lease to state what your requirement is for the Security Deposit or if you would prefer them to purchase the Accidental Rental Damage Insurance to cover the unit up to $3000 of accidental damages. At the same time they could also have the option to purchase Travel Insurance as well. Refer to attached sample below for ideas on how to do this. The sample refers to North Carolina so you would need to alter it to your state. *** This is a sample only and we are not offering legal advice but only help in developing your own agreement.
Sample_of_Lease_Clauses.pdf
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