ROCKVILLE, Md., July 25, 2006—First Advantage SafeRent, the nation's leading and most innovative provider of screening and risk management services for the multifamily industry, is pleased to announce the availability of Renters Insurance Select for multifamily communities located in Florida. Renters Insurance Select enables property managers to easily increase renters insurance participation and to minimize the financial impact of resident-caused property damage.
Renters Insurance Select is a complete renters insurance policy (HO-4) that provides liability and contents coverage to residents. Other features include:
- Resident enrollment and payment are handled through a secure website, without leasing staff intervention.
- Residents may select from a menu of available coverages, limits and payment plans.
- All residents accepted by the community are automatically approved for this program.
Renters Insurance Select is a key part of RegistryTLC, First Advantage SafeRent’s family of renters insurance products. Launched in mid-2003, RegistryTLC has experienced incredible market success and has driven high insurance participation for covered communities. In fact, half of the properties using RegistryTLC reach 50 percent renters insurance participation within 12 months of implementation. This is well above the industry average of less than 20 percent participation.
Renters Insurance Select is backed by First Advantage SafeRent’s one-of-a-kind implementation and support program, ensuring that this policy helps drive industry-leading renters insurance participation rates. Support features include:
- A licensed First Advantage SafeRent sales team to provide follow up at the community level
- Resident-oriented brochures, Website and fact sheets
- Education materials and on-site training for leasing and maintenance teams
- Outstanding customer and resident service nationwide
- Account management support, including marketing plans, results monitoring and executive reviews
- Integration with First Advantage SafeRent resident screening products and Realeum property management software
“With Renters Insurance Select, property owners now have the flexibility to offer residents a convenient and affordable option for renters insurance,” said Nevel DeHart, executive vice president of First Advantage SafeRent. “And First Advantage SafeRent’s sales and account management team helps property owners drive industry-leading participation rates that help lower damage repair costs, save time and improve profitability.”
About First Advantage SafeRent
First Advantage SafeRent, a wholly-owned subsidiary of First Advantage Corporation, is the nation’s leading and most innovative provider of screening and risk management services to the multifamily housing industry. Through its offices in Rockville, Md., and more than 40 support offices nationwide, First Advantage SafeRent offers a single source for resident screening services, property performance evaluation tools, renters insurance and employment screening. More than 39,000 properties rely on First Advantage SafeRent every day to help them attain the highest quality residents and maximize profitability. First Advantage SafeRent leads the industry in innovations and enhancements designed to make the decision process faster, easier and more accurate. For more information, visit www.FADVSafeRent.com.
About First Advantage Corporation
First Advantage Corporation (NASDAQ: FADV) combines industry expertise with information to create products and services that organizations worldwide use to make smarter business decisions. First Advantage is a leading provider of consumer credit information in the mortgage, automotive and subprime markets; business credit information in the transportation industry; lead generation services; motor vehicle record reports; supply chain security consulting; employment background verifications; occupational health services; applicant tracking systems; recruiting solutions; skills and behavioral assessments; business tax consulting services; insurance fraud, corporate and litigation investigations; surveillance; computer forensics; electronic discovery; data recovery; due diligence reporting; resident screening; property management software; renters insurance and consumer location services. First Advantage ranks among the top companies in all of its major business lines. First Advantage is headquartered in St. Petersburg, Fla., and has more than 4,100 employees in offices throughout the United States and abroad. More information about First Advantage can be found at www.FADV.com.
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