Renters Legal Liability® is an innovative risk-transfer property damage loss waiver option program. RLL allows multi-family property owners and managers to manage risk and mitigate losses caused by residents' negligent and accidental acts based on the indemnification in their lease agreement.
The multi-family industry has moved toward mandatory participation regarding property damage liability coverage or renters insurance. The RLL program is not a traditional renter's insurance HO-4 program. The RLL property damage loss waiver option is a means for residents to meet their community's requirement.
Through the RLL Property Damage Loss Waiver® option program, owners and managers dramatically control their property loss ratios. Based on participation, many RLL clients have realized 5-15% decreases on annual premiums from P&C carriers. As such, RLL materially improves NOI.
RLL’s services include:
- master corporate-based $100,000 property damage loss waiver option program;
- patent-pending online monitoring system that tracks resident participation;
- proprietary software, database, with monitoring and reporting systems that manage the entire process;
- an ongoing customer support and training program.
RLL is both an amenity and marketing tool. The program is capable of synchronizing data from many popular property management software systems for a seamless, simple operational exchange of information.
RLL enjoys strategic partnerships with a wide variety of insurance agencies and insurance professionals. The program is available throughout the United States.
In addition to providing the RLL Property Damage Loss Waiver® program to the multi-family apartment industry, the company also serves student housing, senior housing, assisted living, military housing, condominiums, co-ops, HOA's, single-family home rentals, mobile homes and manufactured housing.
The implementation was extremely smooth and when we began telling our prospects that each apartment comes with liability insurance to protect our property they were thrilled. They now have peace of mind knowing that they have built-in protection should they cause a catastrophe at the property. I cannot imagine why any management company would not partner with Renters Legal Liability! - Bill Nye, PhD, Chief Executive Officer, Caviness & Cates Property Management, LLC
RLL not only has competitive rates and exceptional coverage, they also provide outstanding customer service. They are flexible, accountable and personable. It is truly a pleasure to do business with a company that exceeds my expectations. - Sheree Scholar, Systems Integration Director, The P.B. Bell Companies
Our company is extremely happy with the RLL program. Everything promised has been provided. Training and support staff are highly professional, providing excellent service and support at all times. RLL team members are a pleasure to work with. - Bard Tomlin, Controller, Hubbard Properties
RLL has provided a great service both on a corporate level as well as a community level. It has proven ... beneficial and easy for our residents to enroll onto the RLL program. RLL and its staff have set the bar for professionalism and customer service. - Andrew Phillips, Regional Manager, Dewey Commercial
We have grown to appreciate your unique insurance products and find that they truly serve an important and underserved niche in the Apartment and Condominium community. Your Loss Waiver program and related I.T. is so easy to understand and use, and combined with your training program you are second to none. We also value your sensitivity and commitment to maintain competitive pricing for our customers. In this day and age of tightening budgets, your competitive products and a must needed reprieve to the pressures we see placed on our customers' wallets.- Matthew D. Hunter, CIC, Summit Risk Management