Some benefits to Owners include:

• Property damages resulting from resident negligence paid directly to the owner, first; owners don't use resources seeking restitution from residents
• Retain residents; residents value communities where insurance is in place to help cover their losses; negligent damages caused by a resident can be covered without recriminations
• User friendly web-based system for enrolling, monitoring and reporting participation; compatible with many property management software packages
• Materials and training provided at no cost to the owner; full time support
• New revenue stream potential for managing the insurance program
• Potential cost savings by coordinating RLL program with the community's primary property insurance; savings possible in lower premiums, fewer claims (reduces impact to loss ratios), and/or covering property insurance deductibles

Some benefits for Residents include:

• Enables residents to assume responsibility and fulfill their lease obligations, at low cost and without jeopardizing future financial security
• Provides a means of restitution for property damages due to negligence without court-ordered intervention
• Includes coverage for neighbors' property that could be damaged through negligence, while maintaining the integrity of the community and making amicable resolutions of claims possible
• Economical coverage that is paid monthly during occupancy; easy billing and payment to avoid coverage lapse
• Pays up to $5,000 for damage to personal property, for the resident who caused the damage, plus up to $1,000 for temporary living expenses, if the $100,000 limit has not be exhausted by property damage reimbursement
• No lengthy application process; when the community program is in place, residents are pre-approved
• Residents have options for purchasing additional coverage for contents*; residents purchase only the insurance coverage that is needed

*for residents who want the added protection of Contents Coverage for personal belongings, please see the information from a program affiliate under:  http://www.rppinsure.com