To request cover on behalf of your landlord client refer to the “Request Cover” tag on www.surevestor.com under For Property Managers
Allowable Releasing Expenses
Allowable Releasing expenses that can be deducted from the security deposit:
Lease terms vary across the states, so it is important to only allow security deposit deductions for expenses that the current lease states the tenant was responsible for. Not many states will allow the PM to deduct their driving time for example. Deductions for normal maintenance work are not allowed, for example the landlord deciding to repaint some walls in between tenants.
General cleaning costs if required
Repairs (minor) that are not covered by the policy or any other insurance as a result of a deductible ie repair wall with a small hole in it.
Water and other utility costs
PM driving time
Rent owed by the tenant
SureVestor offers financial protection against tenant related risks that lead to loss of income for landlords and property managers.
SureVestor, insurances arranged at Lloyds , rated A+ by A.M. Best. Coverage is placed by Seattle Specialty Insurance Services, Inc., the cover holder. SureVestor, Inc, is an insurance agency who has the authorized right to distribute this product and receive compensation for its agent activities. SureVestor, Inc. license number in Delaware is 0699809. California license #0M31524 dba Scheer Landlord Insurance Solutions.