Personal Insurance
Simplifying Renters Insurance for Owners and Tenants
$6/mo
New Revenue per Door
2,500+
Units Under One Policy
Zero
Coverage Gaps Between Renters
Industry
Property Management
Units
2,500+ Doors
Entity
Corporation
Ownership
Private
Location
Kansas
Challenge
Tracking 2,500+ individual renter policies was an administrative nightmare.
Our client owns and operates a large multi-family apartment complex with 2,500+ units. Their lease required tenants to carry renters insurance, but tracking individual policies, coverage amounts, and expiration dates created a significant and ongoing administrative burden.
40%
of U.S. tenants carry renters insurance — meaning the majority of units face coverage gaps at any given time.
Why Require Renters Insurance?
Only about 40% of U.S. tenants carry renters insurance — despite average costs of just $15-$20/month. For property owners, requiring coverage as part of the lease protects against lapses and lowers overall risk exposure.
Solution
One master policy replacing thousands of individual ones.
Cornerstone proposed replacing individual tenant policies with one master policy covering the entire complex:
1
Master Policy Design
A single blanket policy covering liability and property/contents protection for all 2,500+ units under one agreement.
2
Lease Integration
Coverage cost is included as a line item in the lease — no separate enrollment, no lapsed policies, no gaps.
3
Revenue Generation
The program generates $6/door/month in additional revenue for the property owner while lowering tenant costs.
Outcome
Revenue up, admin burden gone.
New Revenue Stream
The program generates $6 per door per month in additional revenue for the property owner, providing a competitive advantage in the market.
Zero Coverage Gaps
Consistent coverage across all units eliminates the administrative burden of tracking individual policies — and tenants benefit from better rates with no extra effort.
“
We went from chasing 2,500 individual policies to one simple line item in the lease. It’s generating revenue and our admin team got their sanity back.
— Client, Property Management Company
Facing a similar challenge?
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