Deposit Coverage

Protect yourself better than a standard security deposit

Deposit Coverage secures you from damage and missed rent. Pair it with our Rent Coverage for more protection.

How It Works

We guard you from the get-go

  1. Enroll to become our partner

    A quick and easy process.

  2. Send applicants our way

    They’ll often only be charged 25% to 50% of one month’s rent for Deposit Coverage.

  3. Renters pay upfront, just once

    Deposit Coverage is good for their entire tenancy. At no cost to you.

  4. Your rental income is protected

    Bundling Deposit and Rent Coverage is our not-so-secret secret for top protection.

TheGuarantors vs. a Standard Deposit

You decide.

TheGuarantors

A resident gets TheGuarantors Deposit Coverage paired with Rent Coverage

They do $2K in damage and don’t pay rent for 2 months

You’re protected from damages and lost rent in full

Standard Deposit

A resident pays you, the operator $500 at move-in

They do $2K in damage and don’t pay rent for 2 months

You have to cover the extra cost (hello bad debt)

  • Did You Know

    $5B in rent and deposits, covered*

    Helping you grow NOI with predictable cash flow.

Building trust for a decade

Backed by the industry’s leading insurance carriers.

TheGuarantors has become the choice for any operator looking to improve financial and operational performance while bringing great value to renters.

Chad Cooley
Managing Director

As a landlord I would not manage any building or portfolio without having [TheGuarantors] as a tool in my arsenal and option for renters to use

Toby Gingold
Director of Lease Operations

Adding the use of TheGuarantors' lease guarantees and security deposit replacements into our leasing program has helped us qualify more applicants and in turn has helped us fill our vacancies at a faster rate.

Margaret Nieves
Vice President, Residential Leasing

More than just a deposit solution

Fully digital for simplified admin

Let’s save you some time.

No monthly fees for your residents

May help keep residents longer.

Replaces cash deposits

Offers a handy deposit alternative solution.

Get Started

If you’ve got more questions, we’re ready with answers

Everything that a traditional security deposit would cover (including missed rent, legal fees, unpaid utilities, amenities, etc.). Claims are capped at the coverage limit requested. Our Deposit Coverage is active for the life of tenancy as long as the renter stays in the same apartment complex. If a renter purchases a bond in year 1 of their lease, the coverage is still active if they move out after 4 years, for example. This also means renters never have to renew their Deposit Coverage policy.

Renters pay the policy premiums. First, invite your applicants to apply. After they have completed the application, if they are approved, they will then proceed to payment. There are no fees to the landlord for coverage or registering.

No, your renters will provide documentation. After you invite your prospective tenant to apply for coverage, they will be prompted to complete an application online, where they will upload their documents and provide permission to run a soft credit check. For most renters, we only need a copy of government-issued ID.

Don’t see your question here?

Additional Coverage

Explore Rent Coverage for more complete protection

It includes missed rent, no-shows, holdover, damages, and vacancy. Plus, you pay nothing.