Lower resident move-in costs and decrease bad debt at the same time

The Only Risk-Based Surety Bond with Integrated Collections

Mitigating financial risk is vital for property management companies, but, as residents consistently prioritize lower move-in costs, traditional security deposits aren’t hitting the mark for both parties. That’s why Assurant offers FlexDeposit®, a risk-based surety bond with integrated collections. With FlexDeposit, you’ll be able to lower your exposure to risk and bad debt while also lowering move-in costs for your residents. Residents pay a fraction of the traditional deposit cost at move-in while you retain all the coverage security deposits offer plus dedicated ACA-professionals to collect any overages after residents move out

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The #1

concern for property managers right now is decreasing debt
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The #2

renter concern around moving is increasing costs
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of renters think a surety bond should be offered as a deposit alternative
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2 minutes

for residents to enroll in Assurant FlexDeposit online

Major Benefits for You

  • Increased occupancy driven by resident move-in incentives
  • Guaranteed payment up to bond amount with ability to set higher bonds
  • Decreased bad debt thanks to integrated collections


Major Benefits for Your Residents

  • Fast and simple online enrollment
  • Guaranteed approval; no additional screening required
  • Favorable rates and lower-move in costs regardless of credit

FlexDeposit Product Features

FlexDeposit is a risk-based surety bond with integrated collections.

Competitive Rates

Our proprietary, risk-based algorithm lowers your risk and offers residents favorable rates regardless of their credit


Preapproval for all residents with no additional screening required

Integrated Collections

Integrated collections supported by ACA-certified Multifamily debt specialists

Financial Protection

Limited financial risk — Assurant guarantees payment up to the bond amount

Efficient Process

Eliminates the need to refund deposits at move-out; this happens without any processing from your leasing team

Speed and Ease

You can file claims online and receive payments quickly (between 7 and 10 days)

What FlexDeposit Clients Say About the Product

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“FlexDeposit® allowed us to reach a broader segment of our market and we found it to be cost-effective for us and our residents. We’ve also had higher occupancy and it’s served as a deterrent that’s kept many residents from breaking their lease agreements.”

 -S. Epps, Fat Property

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“Bad debt was making it difficult to lower move in costs and remain competitive. We needed to increase occupancy without decreasing our deposits. FlexDeposit® reduced our bad debt, increased occupancy and reduced risk by allowing us to keep our deposits higher while keeping resident costs low. Combined with Assurant’s claim payments, it’s boosted our bottom line. We’ve had a great partnership.”

 -C. Marx, Rincon Partners

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"Our deposit amounts weren’t covering damages left by residents after move-out. But, if we increased the deposit, we would have a difficult time with new move-ins. We needed a solution that would remain affordable for the resident. Since implementing FlexDeposit®, we’re enjoying the partnership and are happy with the results.”

-M. Aguilar, Tropicana Properties

Reduce risk and improve profitability.
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