What is SureDeposit?
SureDeposit is an alternative risk management tool that replaces a traditional security
deposit with a surety bond. This bond protects a property against
financial losses due to lease violations, while significantly lowering residents'
move-in costs. The first of its kind, SureDeposit is the market leader in security
deposit alternatives, with more than 1,500,000 apartment units under agreement in
over 4,500 communities nationwide.
Who is behind SureDeposit?
SureDeposit, part of Assurant Specialty Property,
is a leading provider of renter’s
insurance programs to the multifamily housing industry. We develop, underwrite,
market and administer programs through collaborative relationships with leading
property management companies. Assurant Specialty Property serves clients in all
50 states and the District of Columbia. Assurant Specialty Property is part of Assurant
(NYSE: AIZ), a premier provider of specialized insurance products and related services.
Assurant (NYSE: AIZ), a member of the Fortune 500 and S&P 500, has approximately
$27 billion in assets and $8 billion in annual revenue.
What Insurance Companies are Behind SureDeposit?
SureDeposit is underwritten by American Bankers Insurance Company of Florida, American
Security Insurance Company and Bankers Insurance Group. The program is available
in 49 states.