Assurant renews contract with Avenue5 Residential
Assurant has signed a multi-year contract extension with Seattle-based Avenue5 Residential , a national multifamily property management services firm, to be their preferred provider of renters insurance. The multi-year extension will upgrade the existing Point of Lease product to Assurant’s Cover360 option, giving property management companies the potential “to significantly increase” participation in their renters insurance program and eliminate coverage gaps.
Cover360 enables property management companies to offer renters insurance to residents by directing them through text or email to enroll via an online portal once they have signed a lease, where they can either purchase Assurant’s Pay with Rent policy that is bundled with their rent through an automated billing process via API integrations – or upload coverage from a third-party provider.
Cover360 will be available to Avenue5 Residential’s more than 500 properties comprised of over 98,000 units.