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For property managers who need a streamlined, automated, cost-effective way to manage tenant proof of insurance, but would like to keep the compliance process in-house.
Renters Insurance
Management Software
Quickly, Easily, & Accurately Manage Tenant Policies
Centralize Proof of Renters Insurance Management & Storage
- Eliminate time-consuming, paper-based operations and manage tenant policies, certificates, requirements and relationships in a single source
- Quickly review tenant proof of insurance status on a real-time, 24/7 basis through an easily attainable database of all your policies and certificates
- “Take advantage of easy searching and filters from one location, helping your team locate proof of insurance, policy documents, properties, tenants, compliance status and more in a fraction of the time
- Consolidate your tenant data and other key documents, so you can ensure compliance, protect your company, and focus on other property management tasks
Automate Proof of Renters Insurance Communication Processes to Ensure Tenant Compliance
- Send automated request notifications to your tenants for renewal or missing policies, eliminating the need to manually manage proof of insurance
- Create custom coverage requirement templates for each property to ensure tenants or residents have all the required policy documents and certificates
- Allow your tenants to submit their proof of insurance with a single click to ensure a higher and more timely response, as well as ensure compliance
- Quickly identify compliance issues and take immediate action by sending requests for policy renewal documents, reducing time spent following up on the phone or through email
Eliminate Manual Data Entry & Mitigate Risk
- With our OCR (Optical Character Recognition) technology you can automatically scan tenant forms, transcribe data and compare your customized risk templates or insurance requirement sets to guarantee compliance and stay protected
- Quickly know if their insurance requirements are not being met with non-compliant notifications and deficiencies directly identified to minimize chance of assuming unintended risk
- If your tenants are not compliant, immediately follow up with the requests for more or accurate information to remain protected against costly claims and litigation fees
Online Real-Time Proof of Renters Insurance Compliance Dashboards
- Get a high-level overview of risk, tenant coverage, and tenant compliance across your property or property portfolio to ensure compliance
- Dashboards on compliance status is accessible on a real-time, 24/7 basis
- Download and export all analysis reports in PDF or Excel
Carrier & Provider Partnership Opportunities
- Use the SmartCompliance platform to provide a value-added service to your tenants by connecting them with a preferred carrier or provider to get quick quotes and purchase insurance to ultimately increase compliance
- Expand relationships with your existing carrier by sending them referrals of tenants who need rental insurance and in exchange for the referral, negotiate lower rates on existing policies or receive referral fees from the carrier
- For PMCs who are not happy with their current carrier or do not have a relationship with a carrier, SmartCompliance has a relationship with Lemonade, who provides a more modern/seamless/inexpensive renters insurance option that you can provide to your tenants