Zero Deposit’s Up
Zero Deposit’s site is Up.
The Gist: a London-based insurance startup that offers rent deposit insurance underwritten by Great Lakes Insurance SE. It was established in 2016 and is led by Jon Notley and Gavin Wiseman. According to The Negotiator, it has raised £5M by Zoopla’s parent company ZPG and JamJar Investments; to name two.
Three things: (1) the Zero Deposit Guarantee provides coverage for landlords against financial loss or damages suffered by the landlord and for which the tenant is liable under the Assured Shorthold Tenancy Agreement. (2) Coverage costs a tenant 1 week’s rent. (3) To qualify, tenants need to pass a check by one of Zero’s partner agents – currently they are: Connells, LSL, Knight Frank and/or the Acorn Group. Bottom Line: in the UK, in the company of Canopy.