Provides residents and owners with liability coverage for resident-hosted events
(July 13, 2010)—LeasingDesk (www.leasingdesk.com), a leading provider of risk mitigation systems for the multifamily industry and a wholly-owned subsidiary of RealPage, Inc. (www.realpage.com), today announced the availability of special event liability insurance for residents who host one-day gatherings in property clubhouses or at other local off-site locations.
“This affordable liability protection is designed to provide protection to the resident and the property owner that a standard renter’s policy does not provide,” said David Carner, president of LeasingDesk. “We believe liability protection will soon become a requirement for many properties any time the clubhouse is rented, because it offers protection to the owner and the resident and the cost is not prohibitive.”
This newest product offering is the company’s most recent move to bring innovative insurance products to market that are affordable and match an apartment resident’s lifestyle, while mitigating cost of risk to owners.
Offered through eRenterPlan, which specializes in insurance products for apartment residents, special event coverage can be purchased by residents who host a party, business meeting, wedding reception, reunion or other similar gathering at the community clubhouse, or at a local church or banquet hall. Residents can purchase a policy online through the eRenterPlan web site (www.erenterplan.com), pay with a credit card and immediately obtain proof-of-coverage.
For as little as $100, this program is primarily designed for single-day special events and offers limit options of $1 million and $2 million per occurrence. No additional charges apply to add the owner of the event location or facility as an additional insured, increasing the policy’s value even further.
As with all LeasingDesk insurance products, event coverage policies are provided by an insurance carrier rated A+ (Superior) by AM Best Company. The insurance carrier is admitted in all 50 states. Coverage specifics and the events that are eligible for coverage can be found at the eRenterPlan web site (www.erenterplan.com).
For more information on LeasingDesk, visit (www.leasingdesk.com), call (888) 484-7132 or send an e-mail to sales@leasingdesk.com. To schedule an interview with a LeasingDesk executive, please contact Karen Dodge at karen.dodge@realpage.com or call 972.820.3718.
About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on-demand (also referred to as “Software-as-a-Service” or “SaaS”) products and services to apartment communities and single family rentals across the United States. Its six on-demand product lines include OneSite® property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student living, and military housing properties; CrossFire® sales and marketing systems that boost occupancy and build retention; YieldStar® asset optimization systems that increase asset valuation and investment return; Velocity™ billing & utility management services that increase collections and reduce delinquencies; LeasingDesk® risk mitigation systems that reduce a community’s exposure to risk and liability; and OpsTechnology™ spend management systems that help owners manage and reduce operating expenses. Supporting this family of SaaS products is a suite of shared cloud services including electronic payments, document management, decision support and learning. Through its Propertyware subsidiary, RealPage also provides software and services to single-family rentals and low density, centrally-managed multifamily housing. Through the Domin-8 acquisition, RealPage added property management systems to address the small and medium-size business (“SMB”) segment with Tenant Pro™, Spectra™, iCAM™, Management Plus and other property management systems. RealPage offers Platform-as-a-Service through its AppExchange platform which provides a comprehensive toolkit of integration services for third-party application providers. Finally, RealPage now offers Infrastructure-as-a-Service to multifamily owners and operators to reduce IT costs and improve integration performance and reliability. For more information, call 1-87-REALPAGE or visit www.realpage.com.
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