LeaseLock, the first and only nationwide A-rated lease insurance provider that totally eliminates security deposits, surety bonds, and guarantors in rental housing, announced a major product release that deeply integrates into property software systems to make claims faster, simpler, and more automated.
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“Fortunately, LeaseLock has implemented a seamless claims process for our onsite teams that delivers the additional financial protection we need.”
The product update optimizes claims filing into an effortless process with helpful autofill features to create a one-click experience. Powered by system integration, the product itemizes claims and auto-uploads documents — making the claims experience simple and easy.
“Nobody wants to submit an insurance claim, but, unfortunately, at times there is a need to do so,” said Nir Goldberg, Managing Partner of GoldCor Capital Partners, which owns apartment communities throughout the Sun Belt states. “Fortunately, LeaseLock has implemented a seamless claims process for our onsite teams that delivers the additional financial protection we need.”
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“As a modern insurtech company, we’re reimagining the way value is delivered to our customers,” said Derek Merrill, Founder and CEO of LeaseLock. “While surety bond providers deliver off-system claims forms and manual processing, our engineering team is hard at work deeply embedding our product into multifamily systems for effortless deployment.”
The claims product release overlaps with a period of explosive growth for LeaseLock. Q2 marked the fourth consecutive quarter in which the company experienced 100% growth in launched apartment homes. With that expansion, LeaseLock has established clear category leadership in the deposit replacement space and is aiming to displace $50 billion in deposits in the U.S. market
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