CARROLLTON, Texas (July 13, 2010)—LeasingDesk (www.leasingdesk.com), a leading provider of risk mitigation systems for the multifamily industry and a wholly-owned subsidiary of RealPage, Inc. (www.realpage.com), today announced the availability of special event liability insurance for residents who host one-day gatherings in property clubhouses or at other local off-site locations.
"This affordable liability protection is designed to provide protection to the resident and the property owner that a standard renter's policy does not provide," said David Carner, president of LeasingDesk. "We believe liability protection will soon become a requirement for many properties any time the clubhouse is rented, because it offers protection to the owner and the resident and the cost is not prohibitive."
This newest product offering is the company's most recent move to bring innovative insurance products to market that are affordable and match an apartment resident's lifestyle, while mitigating cost of risk to owners.
Offered through eRenterPlan, which specializes in insurance products for apartment residents, special event coverage can be purchased by residents who host a party, business meeting, wedding reception, reunion or other similar gathering at the community clubhouse, or at a local church or banquet hall. Residents can purchase a policy online through the eRenterPlan web site (www.erenterplan.com), pay with a credit card and immediately obtain proof-of-coverage.
For as little as $100, this program is primarily designed for single-day special events and offers limit options of $1 million and $2 million per occurrence. No additional charges apply to add the owner of the event location or facility as an additional insured, increasing the policy's value even further.
As with all LeasingDesk insurance products, event coverage policies are provided by an insurance carrier rated A+ (Superior) by AM Best Company. The insurance carrier is admitted in all 50 states. Coverage specifics and the events that are eligible for coverage can be found at the eRenterPlan web site (www.erenterplan.com).
For more information on LeasingDesk, visit (www.leasingdesk.com), call (888) 484-7132 or send an e-mail to sales@leasingdesk.com. To schedule an interview with a LeasingDesk executive, please contact Karen Dodge at karen.dodge@realpage.com or call 972.820.3718.
All statements other than statements of historical fact included in this press release regarding the Company are forward-looking statements. These forward-looking statements are based on our current expectations and projections about future events. There can be no assurance that those expectations and projections will prove to be correct. We undertake no obligation to publicly update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.