Security Deposit Replacement

June Homes partnered with Assurely to streamline the rental experience for June Homes owners and partners

Through the partnership, owners and partners skip the security deposit process and are provided with a Security Deposit Replacement solution with industry-specific benefits.

Hassle-free protection

Receive the same level of protection for your property, without the compliance standards and the administrative burden of exchanging money

Easier claims process

Simplify the potential claims process and resolve disputes more efficiently, with a third party involved claims are handled seamlessly, reducing the need for costly legal proceedings

Reduced security deposit requirements

Reduce or eliminate your compliance requirements for holding security deposits, which streamlines the rental process and saves both time and resources

We’ve done this before

The team at Assurely has contributed to the emergence of some of the most influential insurtech companies, including Coterie, Lemonade, CoverWallet, and Pie Insurance.

Hassle-free claims process

Step 1

Fill out and submit a 2-minute claim intake form here

Step 2

Get confirmation your claim has been submitted within 48 hours 

Step 3

Sit back and relax, your dedicated point of contact will reach out with next steps 

Frequently Asked Questions

  • A security deposit replacement solution is a type of insurance backed financial guarantee (bond) that a landlord receives from their tenants in place of a traditional security deposit. This benefits landlords in several ways. First, it gives them peace of mind knowing that they are protected from financial losses if the tenant fails to fulfill their lease obligations or damages property. Second, if the tenant defaults or if there is a dispute, landlords can file a claim with Assurely for a faster resolution. Finally, this solution is easier for landlords to manage, since Assurely handles the administrative work.

  • June Homes Security Deposit Replacement solution is a bond similar to an insurance policy for landlords. June Homes purchases the bond and eliminates the need for a security deposit. There is no cost to the landlord.

    There are three parties involved in a bond, the tenant, landlord and the surety (an insurance company that is liable for claims). In the partnership of June Homes and Assurely, the tenant is June Homes, the landlord is the owner of the property, and the surety is Relm Insurance.

  • We made the claims process simple, easy, and fast because we understand how big of a hassle it can turn into. In the event of missed rent, something happens to the property, or another dispute occurs while June Homes is renting, the landlord simply fills out a quick and easy claims form. Once the form is completed and submitted, you will hear shortly from your dedicated advisor.

  • Many landlords prefer Security Deposit Replacement bonds over cash security deposits and Letters of Credit for their convenience, protection, and reliability. Bonds involve a third party insurance company that handles any damages or disputes, providing landlords peace of mind that their properties are well-protected.

    Bonds also eliminate landlord’s administrative responsibilities that are associated with cash security deposits and Letters of Credit including compliance standards to store cash deposits, and speaking with financial institutions to issue Letters of Credit.

  • Just like with a traditional security deposit, in the event that you decide to end your relationship with June Homes (if your lease term has ended or the relationship is over) the bond will end. The respectable parties will sign off on the move out terms, lease termination and confirmation of no damage. This process is seamless for landlords and will require little to no work.

  • There is no cost to landlords for this bond.

  • For the Assurely and June Homes partnership, the insurance carrier is Relm Insurance. Relm Insurance holds an ‘A, Exceptional’ Financial Stability Rating from Demotech Inc.

  • No. June Homes can provide a simple amendment or you can acknowledge the change over email.

  • Assurely delivers insurance for changing industries to ensure individuals are getting the best coverage, at the best price, with the best experience possible.

    We specialize in providing tailored insurance coverage for landlords, with a range of policies that address all of your specific needs. You can contact one of our dedicated points of contact here.

    Our mission is to protect individuals from the constantly changing risks within the rental and real estate markets as technology changes. We do all the heavy lifting to become an insurance partner everyone can trust and rely on.

  • If you have additional questions, we’d love to hear them! Please reach out to your June Homes relationship manager.

Prefer to speak to someone in person? We’re here for you.

Reach out to your June Homes relationship manager with your questions