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Renter SafetyNet™ Product Basics

What is Renter SafetyNet?

Renter SafetyNet is an insurance policy that pays you rent in the case of one of your tenants becoming unemployed or disabled. The tenant does not need to miss a rent payment before filing a claim.

What does Renter SafetyNet pay?

It Pays What’s Called A “Lump Sum Benefit” — a single cash amount paid directly to you. The specific amount paid will depend on the actual rent of the unit.

Within a policy year, SafetyNet™ will pay out up to one lump sum benefit for disability and one lump sum benefit for job loss per year per Renter and no more than 6 lump sum benefits over a Renter’s lifetime.

What do I have to pay?

You Pay A Premium (Payment) Each Month For This Coverage. 

What's covered

Job* Loss due to layoff, business closing, job elimination, or other employer-initiated separation not specifically excluded

*The job which is lost by the Renter or which the Renter is unable to perform due to disability must be a job which the Renter was actively at work for at least 20 hours a week for someone other than himself or herself when the job loss or disability occurred.

Disability due to illness or injury that prevents you from working at your job for more than 30 days

What's not covered

A Job Loss The Renter Was Told About before the coverage was purchased or if the Renter were to quit, retire or was fired

A Disability That Starts Within The First 6 Months Of Coverage if caused by a condition that the Renter was treated for within the 6 months before the coverage was purchased

Normal Routine Downtime for seasonal and other jobs (like construction)

Disability Due To Normal Pregnancy, alcohol or drug use, or elective surgery

Job Loss Or Disability That Occurs in the first 30 days of coverage

Job Loss Or Disability Due To Acts Of War or nuclear or natural disasters

Does the policy end if I make a claim?

No, not as long as you continue to make payments.

When does the policy end?

Renter SafetyNet™ Is Issued For A One-Year Term And Is Non-Renewable.  After one year, we will contact you to discuss the re-purchase options you may have at that time.

You May Choose to end your policy at any time.

The Policy Will End If the required payment (premium) is not paid.

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How to Calculate Average Rent 

Renter SafetyNet?

Renter SafetyNet will ensure the portion of rent owed by the Renter to You. To calculate the average rent amount, take the sum of rental income for all insured rental properties and divide by the total number of units.

Renter SafetyNet does not ensure any government or non-government rent subsidies. When calculating the average rent for insured properties, only include the portion of the rent owed by the Renter to You. Please call us at (608) 665-6824 with any questions.

What does Renter SafetyNet pay?

It Pays What’s Called A “Lump Sum Benefit” — a single cash amount paid directly to you. The specific amount paid will depend on the actual rent of the unit.

What do I have to pay?

You Pay A Premium (Payment) Each Month For This Coverage. 

What's covered

Job Loss due to layoff, business closing, job elimination, or other employer-initiated separation not specifically excluded

Disability due to illness or injury that prevents you from working at your job for more than 30 days

What's not covered

A Job Loss The Renter Was Told About before the coverage was purchased or if the Renter were to quit, retire or was fired

A Disability That Starts Within The First 6 Months Of Coverage if caused by a condition that the Renter was treated for within the 6 months before the coverage was purchased

Normal Routine Downtime for seasonal and other jobs (like construction)

Disability Due To Normal Pregnancy, alcohol or drug use, or elective surgery

Job Loss Or Disability That Occurs in the first 30 days of coverage

Job Loss Or Disability Due To Acts Of War or nuclear or natural disasters

Does the policy end if I make a claim?

No, not as long as you continue to make payments.

When does the policy end?

Renter SafetyNet™ Is Issued For A One-Year Term. The policy will automatically renew for another one-year term as long as the required premium is paid and we approve. 

You May Choose to end your policy at any time.

The Policy Will End If the required payment (premium) is not paid.

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Why do we ask this question?

Renter SafetyNet?

Why do we ask this question? Only Renters who are working at least 20 hours a week for someone other than themselves can get a claim paid. Therefore, in order to charge you the right premium, please let us know how many units you have without at least one Renter who meets this working requirement.  For example, include in this count all units that are occupied only by non-working retirees, non working students and/or self-employed persons.

What does Renter SafetyNet pay?

It Pays What’s Called A “Lump Sum Benefit” — a single cash amount paid directly to you. The specific amount paid will depend on the actual rent of the unit.

What do I have to pay?

You Pay A Premium (Payment) Each Month For This Coverage. 

What's covered

Job Loss due to layoff, business closing, job elimination, or other employer-initiated separation not specifically excluded

Disability due to illness or injury that prevents you from working at your job for more than 30 days

What's not covered

A Job Loss The Renter Was Told About before the coverage was purchased or if the Renter were to quit, retire or was fired

A Disability That Starts Within The First 6 Months Of Coverage if caused by a condition that the Renter was treated for within the 6 months before the coverage was purchased

Normal Routine Downtime for seasonal and other jobs (like construction)

Disability Due To Normal Pregnancy, alcohol or drug use, or elective surgery

Job Loss Or Disability That Occurs in the first 30 days of coverage

Job Loss Or Disability Due To Acts Of War or nuclear or natural disasters

Does the policy end if I make a claim?

No, not as long as you continue to make payments.

When does the policy end?

Renter SafetyNet™ Is Issued For A One-Year Term. The policy will automatically renew for another one-year term as long as the required premium is paid and we approve. 

You May Choose to end your policy at any time.

The Policy Will End If the required payment (premium) is not paid.

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Why get covered?

47% of Americans are unable to cover an unexpected $400 expense.
Source: Federal Reserve, Economic Well-Being of U.S. Households 2015, 5/16
Have Questions? Need Help? Call us at (608) 665-6824 to speak with a licensed agent.

Need more info? We cover that, too.

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Rental Information for Insured Properties

How to Calculate
Why do we ask this?
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Why get covered?

25% of Americans earning $100,000 or more live paycheck-to-paycheck.
Source: CBS MoneyWatch
Have Questions? Need Help? Call us at (608) 665-6824 to speak with a licensed agent.

“A Small Price to Pay for Peace of Mind”

“The recession may be over, but we’re at a time and a place where nothing is guaranteed. The peace of mind provided by SafetyNet lets me know that I don’t have to worry. It’s a small price to pay for peace of mind.”
— Justin L. / Racine, WI
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Coverage Information

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Monthly cost:
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Why get covered?

25% of Americans earning $100,000 or more live paycheck-to-paycheck.
Source: CBS MoneyWatch
Have Questions? Need Help? Call us at (608) 665-6824 to speak with a licensed agent.

“Helps Me Sleep Easier”

“SafetyNet brings me peace of mind. I know that I’ll be able to cover the costs of bills and so forth if a sudden change were to occur in my employment. This helps me sleep easier and live a more stress-free life.”
— Jesse G. / Baraboo, WI
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Payment Information

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Payment Method

Your first monthly payment of {{vm.rateInfo.monthlyCost | currency:'$':2}} will be processed 30 days from today.

Credit Card Information

Billing Address

Important!
In order to pay with your bank account, it must be verified.
  • In 2-3 business days we will make two small deposits to your bank account (and one debit for the combined amount).
  • Once you see the credits applied to your bank account, please contact Customer Service by calling (608) 665-6824 and provide these amounts. This will verify your bank account.

Account Information

A 9 digit number
A 3-17 digit number
Trusted. Safe. Secure.
Your personal information is secure with us. We will never sell your information to any third parties. For more information, please read our privacy statement.
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Why get covered?

1 in 3 unemployed Americans were jobless for 27 weeks or longer.
Source: U.S. Bureau of Labor Statistics
Have Questions? Need Help? Call us at (608) 665-6824 to speak with a licensed agent.

"A Growing Number of Americans Renters are Cost-Burdened"

"49% of all baby boomers who rent are cost burdened, meaning they spend more than 30% of their incomes on housing costs." Why put your income at risk if your tenant's income disappears?
— Abodo, Renter Cost Burdens by Generation, August 17, 2017
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Information Review

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Application for Insurance
{{vm.product.coverage|currency:"$":0}} Rent Protection
in case of covered job loss and/or disability
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Confirm your business information

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{{vm.app.firstName}} {{vm.app.lastName}}
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Confirm your payment information

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{{vm.payment.token.card.address_line1}} #{{vm.payment.token.card.address_line2}}
{{vm.payment.token.card.address_city}}, {{vm.payment.token.card.address_state}} {{vm.payment.token.card.address_zip}}
Your first monthly payment of {{vm.rateInfo.monthlyCost | currency:'$':2}} is scheduled for {{vm.calculatedDates.firstPayment|date:mediumDate}}
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Confirm your rental property information

{{p.address}} #{{p.address2}}
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Confirm your coverage information

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{{vm.app.avgRent|currency:'$':2}}
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Confirm the statements and understanding:

  • I understand that the policy is being issued based on the Coverage Information I provided in the Application.  If that information is not true and complete, I understand that the Landlord will not have coverage and no Policy benefits will be paid to the Landlord.
  • I understand that the complete terms of coverage, including additional conditions and restrictions, are set forth in the Policy that is issued to the Landlord.
  • I further understand that any person who knowingly presents a false or fraudulent claim for payment of a loss or benefit or knowingly presents false information in an application for insurance may be guilty of a crime and subject to fines and confinement in prison, and denial of insurance benefits.

By clicking "I agree" below, I certify that I have read and understand the above statements and that the Coverage Information I have provided is true and complete.

When you click "Accept and Submit" below, you are:

  • Sending us your application for SafetyNet™ insurance underwritten by CUMIS Insurance Society, Inc ("the Company").
  • Acknowledging that you have reviewed and agree to all the important information available through the link below, including legal details and requirements of (a) electronic transactions, communications and signatures and (b) preauthorized payments.
Important Information
Please read this information thoroughly. We also encourage you to print this document for later reference. If you have any questions or need any assistance, please call us at 1-608-665-6824.
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Congratulations!
Your Rental Income Is Now Protected Against Renter Job Loss and Disability.
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What to Expect Next

You will immediately receive a welcome email from us with our contact information to keep for your records.
Within 3 to 5 business days you will receive a welcome packet from us containing a hardcopy of your policy documents and renter certificates.
Phone Number: (608) 665-6824
34 Schroeder Ct, Suite 330
Madison, WI 53711
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(608) 665-6824[email protected]
34 Schroeder Ct, Suite 330
Madison, WI 53711
Product Basics
© 2017 CUMIS Insurance Society, Inc. PSIC-P7.0-W1.1-012318
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