Oh no, your tenant has run off! And what’s worse… outstanding bills because your tenant didn’t pay! Does the deposit even cover it all? Where can I report this? Can leasing get any worse than this?
We say no worries.
No worries about disappearing tenants and no worries to the morbid amount of bills. That’s a problem of the past that we’ve come to acknowledge and address! By giving you an option to secure your property!
Securing Your Home
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 every deed done to the house.
Partner of Allianz Malaysia
To alleviate the your concern, we at Speedrent partnered up with Allianz Malaysia General Insurance Berhad to offer greater financial and property security. For landlords who successfully lease with us, they can choose to get secured with Allianz up to RM26000 for property or RM3700 for room rental.
Look at the table below for a comparison between our model and the traditional model. on how Speedrent and Allianz we can offer you better protection compared to the traditional deposit:
|Speedrent + Allianz Insurance||Concerns||Traditional Deposit|
|Loss of rental up to 2 months||Rental Coverage||2 months|
|Up to RM1000||Inconvenience Benefits or minor damage||0.5 - 1 month’s rental|
|Up to 15,000 for accidental and theft||Accidental damage or theft coverage||Only the total amount of deposit at the beginning of tenancy|
|2 demand letters||Demand for payment||No reminder|
Note: Insurance is only available for those who successfully transact through Speedrent with rental ranging from RM800 to RM5000.
Think insurance claims take long? Not at all! Allianz strives to process all claims within the following timeline:
- Loss of rental up to 2 months – 3-7 days
- Inconvenience benefits (e.g: utilities) Inconvenience benefits & minor repairs up to RM1,000 – 3-7 days
- Accidental damage or theft of up to RM15,000 – 21-30 days.
- Loss of rental up to 2 months: 3-7 working days
- Cleaning damages/Minor repairs: 3-7 working days
- Damage to/theft of household content up to RM500: 21-30 working days
How much does the insurance cost?
Both insurance have the same cost.
Insurance cost: 12th month’s rental + 6%SST + RM10 fee
We do the claiming process on your behalf. We get down and dirty so you may lease in peace. Remember: You have to first file a police report of the incident! Once done, we will then proceed with the claim process.