Case Studies
Pierpont Management's Implementation of ResidentInsure to Mitigate Liability Costs
Overview
Functional Applications - Enterprise Resource Planning Systems (ERP) Functional Applications - Remote Monitoring & Control Systems | |
Business Operation Facility Management | |
Regulatory Compliance Monitoring Remote Asset Management | |
System Integration Training | |
Operational Impact
Pierpont has not had to file a claim since making the switch to ResidentInsure, but they feel much more protected knowing the company is less liable for unit damage. | |
Property managers can go about business with peace of mind, knowing if a resident burns down a unit that they have an insurance policy to protect both the resident and the property. | |
Pierpont is experiencing an increase in resident communication with property managers. Explaining property procedures and requirements is now a common step in the leasing process. | |
Quantitative Benefit
Properties with ResidentInsure more than double their resident coverage from the industry average of 10 percent to 26 percent within 12 months. | |
A meth unit in one community caused approximately $12,000 worth of damage. | |
A broken washing machine flooded several units, resulting in $7,000 worth of repairs. | |