LeaseLock and QBE North America Partner to Eliminate Deposits in U.S. Rental Housing Market

Insurance partnership will power the next phase of growth for LeaseLock

LeaseLock and QBE North America today announced a strategic partnership, with QBE’s world-class customized and comprehensive insurance solutions powering LeaseLock Zero Deposit™. LeaseLock is the first and only nationwide lease insurance provider, backed by A-rated carriers to help eliminate security deposits, surety bonds, and guarantors in rental housing. LeaseLock’s partnership with QBE, a leading program underwriter in the US, delivers enhanced rent loss and damage protection to apartment communities while also creating more affordable leasing for renters.

LeaseLock coupled with QBE’s customized solutions, insurance expertise and ease of doing business will facilitate best-in-class product innovation to meet the unique needs of enterprise multifamily portfolios.

LeaseLock enterprise clients currently manage or own over 2 million rental units. Leading multifamily operator clients include Greystar, Pinnacle, Alliance, FPI, Avenue5, Bell Partners, Harbor Group, The Bainbridge Companies and LMC. Top ownership clients include

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LeaseLock Announces $500 Million In Leases Insured

Rapid growth extends category leadership as the pandemic accelerates deposit replacement across rental housing

LeaseLock, the first and only nationwide A-rated lease insurance provider that totally eliminates security deposits, surety bonds, and guarantors in rental housing, today announced it has insured leases totaling more than $500 million in value.

The milestone comes on the heels of several months of explosive growth for the insurtech company, achieving $300 million in leases insured only two months ago. Since the start of 2020, LeaseLock has experienced 4x growth in launched apartment homes—beginning the year with 40,000 units and surpassing 160,000 units as of Q3. LeaseLock clients collectively own or manage over 2 million units, with blocks of additional units scheduled for launch through the remainder of 2020.

Unlike surety bond providers who offer deposit alternatives, LeaseLock is the only solution that enables true deposit replacement. With LeaseLock, communities are able to market themselves

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