Revolutionizing Renting Say Goodbye to Upfront Deposits, Hello to Insurance Policies!

Instead of making a lump sum security deposit payment upfront the renter can instead purchase an insurance policy that covers the risks of property damage and non-payment of rent. These policies are paid for through low monthly payments. This solution carries with it the possibility that both landlords and renters can benefit. The landlord's risks are covered while renters don't have to provide thousands of dollars upfront. Unfortunately, as it seems there was little to no research on how many renters actually pay twice the monthly rent as a security deposit there also seems to have been little to no research on alternatives to this legislation