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RLL Tenant Liability Coverage

Profit Center Program for Multi-Family Properties

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Manage the cost of risk & create additonal revenue

The RLL Tenant Liability (TL) Insurance Program offers owners and managers of
multi-family and residential properties a complete turnkey solution to manage the cost of risk and to create an additional revenue source. There is no cost to start the program. Your participation in the program requires no up-front capital or other financial obligations. RLL’s TL program provides a level of protection to cover resident-caused losses at your properties and communities. It is an immediate solution to fulfill the insurance requirements for most tenant lease agreements.

Powered by insurance & technology experts

The RLL TL program is powered by RLL Stillwater Sponsored Captive Insurance Company, LLC, a Utah-based captive insurance company, and Sequoia Risk, one of the largest independent captive management firms in Utah, with many captive programs under management. Coverage is provided by an A+ rated A.M. Best insurance carrier. The RLL TL program provides turnkey solutions including online software and monitoring, automated reporting, invoicing, training for your employees, in-house claims, and marketing.

RLL TL program is a different kind of solution

The RLL TL program creates a profit center solution that provides:

Insurance for covered units when there’s damage to the property
The opportunity to receive an underwriting distribution when the program shows a surplus at the end of each distribution period.
Enrollment is simple and payments are made as part of the resident’s monthly rent (as an amenity). Since there is no up-front financial obligation or cost to the owner to participate in the RLL TL program, returns are “risk free.”

The key benefits of a successful renter’s program

The RLL TL program is a community-based property damage liability program. The property damage waiver enables residents to receive up to $100,000 of property damage liability protection and up to $15,000 for damage to their personal property. Resident enrollment is easy and simple. Higher unit enrollment in our program can result in greater levels of surplus participation.

Key benefits for the owner/manager/operator:

Offers a simple, risk-free solution: no investment is required to participate in our program
100% of underwriting surplus distributed to participants and not the insurance company
Easy set-up: installation, education, training, and ongoing IT support provided
Choose your own broker or agent

Key benefits for the residents:

All residents are guaranteed to be accepted
Enrollment is easy and automated
National insurance company (A+ rated A.M. Best) with multi-state policy issuance
Protects resident up to $100,000 per occurrence in property damage

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The RLL TL program is underwritten by ORU in all 50 states. The ORU companies are A+ rated for financial strength and operating performance by A.M. Best rating agencies

Renters policies underwritten by Old Republic Union Insurance Companies, 307 N. Michigan Ave., Chicago IL 60601. The agent of record in Renters Legal Liability LLC (280 S. 400 W. STE 220, Salt Lake City, UT 84101-1844 TX#1869302 and domiciled in UT). Insurance options vary by state and may not be available in all states.