The Process
Office staff requires residents to provide proof of coverage.
Your residents are pre-qualified for a policy option with an "A"-rated insurance carrier.
Residents can enroll online or over the phone in less than five minutes or provide alternate proof of coverage.
All policies are inputted into a real-time tracking system with integration capabilities.
Diamondhead provides oversight and ongoing support to ensure maximum compliance.
The Details
Typical policy costs $12–$16 per month.
Property owner is protected by a first $100,000 or $300,000 layer of coverage for covered resident-caused losses.
Residents are protected with a minimum of $10,000 (max. of $95,000) amount of contents coverage.
Residents are protected with a minimum of $100,000 or $300,000 for liability protection against covered damages they may cause to property and/or injury to others.
The Results
Risk Mitigation for Community & Residents.
Opportunity for improved loss runs.
Potential commercial insurance premium savings.
Lower operating expenses.
Higher NOI.
A conscientious residency is formed.
Significantly reduced tensions, finger-pointing, and complications between staff and residents during a loss.