Convenient, affordable renters insurance offers ‘win-win’ coverage for multifamily property managers and residents
SANTA BARBARA, CALIF., Dec. 05, 2011 – Multifamily property managers reported that they have mitigated risk and improved resident satisfaction with Yardi Insurance Services™, which offers the ResidentShield™ renters insurance program. ResidentShield covers personal liability, personal property and living expenses for losses caused by fire, theft and other unexpected events.
Joining ResidentShield, which accommodates mandatory and optional resident insurance programs, is easy — it’s part of the online application process. Coverage is preapproved when residents sign a lease, with no additional background or credit checks. Premiums are guaranteed, with no increases resulting from past claim activity. Renters can add non-related residents to a policy, and policies are portable.
“We were one of the first companies to sign up with ResidentShield,” said Kellie DeVilbiss, president of Jupiter Communities LLC, whose residents carry ResidentShield in approximately 11,000 apartment units at 47 properties. “ResidentShield protects our properties by helping residents understand their responsibilities when they sign a lease. Yardi also provides the best customer service in the renters insurance industry. They’re always available to answer questions or clarify issues.”
ResidentShield has been similarly beneficial for Waterton Residential. “By protecting residents and property owners, ResidentShield presents a ‘win-win’ for all parties,” said Gregory Lozinak, executive vice president and chief operating officer for Waterton Residential, which makes ResidentShield available to 12,500 apartment units at 30 communities. “In addition to helping residents fulfill their lease obligations, ResidentShield lets them add personal property protection to the required general liability coverage. Online enrollment can be completed in 5 minutes or less, any time of day. Feedback from our residents indicates that they appreciate the protection, affordability and convenience of the program.”
About Jupiter Communities LLC
Chicago-based Jupiter Communities is a full-service multifamily property management company with approximately 11,000 apartment units under management nationwide. The leadership at Jupiter Communities boasts more than 50 years of industry experience managing and maximizing the value of apartment communities across the nation, giving it the ability to offer expert advice and superior services including property management, valuations and market studies, accounting, due diligence, dispositions, and construction management. For more information, please visit www.jupitercommunities.com.
About Waterton Residential
Chicago-based Waterton Residential, one of the leading multifamily companies in the nation, is focused on the acquisition and management of apartment communities in multiple markets. Since its inception in 1998, the Waterton Residential team has remained committed to outstanding customer service by providing a community its residents are proud to call home. With more than 16,000 apartment homes at 40 communities in 12 states, the Waterton Residential brand signifies exceptional living experiences, a sense of community, and home. For more information, visit www.watertonresidential.com.
Yardi Systems has been committed to the design, development and support of real estate investment management and property management software for nearly 30 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™ and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255