Oh no, your tenant has run off! Worse is there are outstanding bills because your tenant did not pay! Does the deposit even cover it all? Where can I report this? Can leasing get any worse?
We say no worries.
No worries about disappearing tenants and no worries about the morbid amount of bills. That is a problem of the past that we acknowledge and address!
Financial security and property security are always top concerns, which is how the traditional 3-month rental deposit before renting a house came into practice. It serves as a way to hold tenants accountable for the damage done to the house.
But, can that 3-months rental deposit safeguard you enough? What happens if the tenant leaves with your house damaged, and your deposit is not enough to cover it?
A Full Protection Better Than Traditional Deposits
To ease your concerns, we at SPEEDHOME have partnered up with Allianz to offer greater financial and property security. For landlords who successfully lease with us, they can get secured with Allianz up to RM27,000 for home rental (not kidding!)
We cover everything from loss of rental, inconvenience benefits, theft and more!
Note: Home insurance is only available for those who successfully transact through SPEEDHOME with rentals ranging from RM500 to RM5000.
SPEEDHOME and Allianz ease your worries with our comprehensive protection plans. What are those plans? Check out below:
The Insurance Packages Offered
There are 3 different insurance protection packages offered to landlords at SPEEDHOME. Namely, Basic, Extended and Extended+. If you’re looking for complete protection of up to RM27,000 then Extended+ is your best choice.
You get rental on time (OTR) even if your tenant pays late and you also get rental payment even if your tenant overstays in the property (OCD). To enjoy these benefits through the Extended and Basic plans, you can have them as add-ons at additional costs. Refer below for the insurance packages available:
Note 1: On-Time Rental is a feature that allows landlords to receive their rental payment on time or earlier for the entire tenancy period.
Note 2: Overstay Cash Defender is a feature where SPEEDHOME will protect the landlord from tenants that overstay without paying rent. SPEEDHOME will pay the rent to the landlord until we successfully evict the tenant.
Note 3: The insurance cost for Extended and Extended + will be spread over the first two months.
60 Days Free Cancellation Policy
Have a change of mind? Don’t worry because you can cancel for absolutely free if you submit the cancellation request within 60 days of purchasing our insurance plan.
We will refund the full amount to your bank account within 3 – 5 working days after the cancellation request is submitted. You can submit your cancellation request through the following methods:
- Email us at [email protected]
- Reach out to us via in-app After Sales Support Chat
Remember that even without the insurance, your unit will still need to be rented out with Zero Deposit. With the cancellation, your property will continue to get rented to the tenant however your property will no longer be protected against risks such as unpaid bills, loss of rental, accidental damages, theft and many more.
Easy and Fast Claim Processes
Not only that, but we do the claiming process on your behalf. We get down and dirty so you may lease in peace.
Just do not forget to first file a police report of the incident as soon as possible and notify us within 2 WEEKS of the incident! Once done, we will then proceed with the claim process.
Think insurance claims take long? Not at all! Allianz strives to process all claims within the following timeline:
It’s super easy to get your claims! All you have to do is follow these steps:
How Much Does The Insurance Cost?
For landlords that have tenants that are renting below 12 months, there are surcharges implemented on their total payment that can lead to you paying less for the insurance. The surcharges are as below:
Please note that:
- *6%SST and RM10 insurance stamping fee will be deducted from the 2nd month’s rental.
- **6%SST and RM10 insurance stamping fee will be deducted from the 1st month’s rental.