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  1. Deposit Solutions
  2. FlexDeposit

FlexDeposit®

Lower resident move-in costs and decrease bad debt at the same time

The Only Risk-Based Surety Bond with Integrated Collections

Mitigating financial risk is vital for property management companies, but, as residents consistently prioritize lower move-in costs, traditional security deposits aren’t hitting the mark for both parties. That’s why Assurant offers FlexDeposit®, a risk-based surety bond with integrated collections. With FlexDeposit, you’ll be able to lower your exposure to risk and bad debt while also lowering move-in costs for your residents. Residents pay a fraction of the traditional deposit cost at move-in while you retain all the coverage security deposits offer plus dedicated ACA-professionals to collect any overages after residents move out

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The #1

concern for property managers right now is decreasing debt
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The #2

renter concern around moving is increasing costs
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71%

of renters think a surety bond should be offered as a deposit alternative
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2 minutes

for residents to enroll in Assurant FlexDeposit online

Major Benefits for You

  • Increased occupancy driven by resident move-in incentives
  • Guaranteed payment up to bond amount with ability to set higher bonds
  • Decreased bad debt thanks to integrated collections

 

Major Benefits for Your Residents

  • Fast and simple online enrollment
  • Guaranteed approval; no additional screening required
  • Favorable rates and lower-move in costs regardless of credit

FlexDeposit Product Features

FlexDeposit is a risk-based surety bond with integrated collections.

Competitive Rates

Our proprietary, risk-based algorithm lowers your risk and offers residents favorable rates regardless of their credit

Preapprovals

Preapproval for all residents with no additional screening required

Integrated Collections

Integrated collections supported by ACA-certified Multifamily debt specialists

Financial Protection

Limited financial risk — Assurant guarantees payment up to the bond amount

Efficient Process

Eliminates the need to refund deposits at move-out; this happens without any processing from your leasing team

Speed and Ease

You can file claims online and receive payments quickly (between 7 and 10 days)

Help reduce risk and improve profitability.
Fill out this form and we’ll be in touch.

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