Company Research Report: ePremium Insurance Agency, LLC

Company Overview

• Name: ePremium Insurance Agency, LLC

• Mission: To provide tailor-made renters insurance solutions for both multifamily and single-family rental properties, built by the residential rental industry for the residential rental industry.

• Founded: No information is available.

• Founder(s): No information is available.

• Key People: No specific individuals such as founders or CEOs were mentioned. Testimonial from Beth Giles, CEO, Fairmont Management Company, indicates a partnership.

• Headquarters: 4770 Duke Drive, Suite 200, Mason, OH 45040

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Specializing in renters insurance, liability programs, and deposit alternative solutions, offering innovative insurance products tailored to rental properties.

Products

Renters Insurance

• Description: Enhanced renters insurance (HO-4 coverage) offering protection from resident-caused damage and robust contents coverage for personal belongings.

• Key Features:

• Protection from resident-caused accidental property damage including fire, water, smoke, and explosion.

• Optional coverages for pet damage, bed bug remediation, biohazard clean-up, and additional living expenses.

• Personal contents coverage anywhere in the world against damage or loss.

Enhanced Master Liability Insurance

• Description: Offers comprehensive liability protection for resident-caused damages.

• Key Features:

• Covers common resident-caused damages such as water, fire, smoke, and explosion.

• Validates resident's third-party insurance and ensures compliance with lease requirements.

• Automatic coverage on lapsed third-party insurance policies.

Security Deposit Alternative (Deposit Select)

• Description: Provides a lower move-in cost option for residents while protecting property assets.

• Key Features:

• Tailored and customizable coverage for properties.

• Protects upto 2 months of gross rental income, utilities, monthly charges, and physical damage.

• Offsets legal fees in the event of an eviction.

• Drives ancillary revenue and expands prospect pool.

IRIS Software

• Description: Integrated Renters Insurance Solution designed for policy tracking and compliance management.

• Key Features:

• Seamless integration with leading property management systems.

• Streamlined account setup, policy compliance tracking, and data access.

• Enhanced user experience with less administrative overhead.

Captive Insurance Program

• Description: A cell solution for large property management companies interested in direct insurance exposure.

• Key Features:

• Allows property management companies to cover risks not insurable through conventional means.

• Provides greater flexibility and control over risk management strategies.

• Supports additional programs tailored to the specific needs of multifamily sectors.

Recent Developments

• Recent Developments:

• No specific recent developments were provided in the available information.

• New Products Launched:

• Introduced Deposit Select, a security deposit alternative program designed to lower move-in costs for residents while enhancing asset protection for the properties.

• New Features Added:

• Developed ePremium Protect with enhanced coverage options and IRIS software with seamless integration for policy compliance and monitoring.

• New Partnerships:

• Maintained and expanded partnerships with multifamily community managers such as Fairmont Management Company and Quarterpenny, leveraging ePremium programs for risk mitigation and enhanced resident services.

This report aims to provide a thorough understanding of ePremium Insurance Agency, its offerings, and its position within the residential rental insurance market. For additional inquiries or detailed data, it is recommended to contact the company directly.