Accidental Damage Waiver
Vacation Home Rental Security Deposit Alternative
For too long vacation rental property managers have had the burden of collecting and refunding security deposits. Additionally, if there is damage, you run the risk of the renter disputing the charge with their credit card company, leaving you and the homeowner to come out of pocket to fix the damage. There is a better way, and it is called an accidental damage waiver (ADW).
Accidental damage waiver details
Fudge Insurance’s accidental damage waiver program is designed with simplicity in mind. It’s not burdened with unnecessary add-ons which is why it’s extremely cost effective. Check out the details below.
Flexible coverage options
Limits of $1,500, $3,000 or $5,000 available to suit your clients’ needs.
Easy claims process
Report damage within 3 days of the rental period using our automated claim form.
Fast sign-up
No cumbersome setup processes needed. Sign up today and get covered within days.
Product simplicity
Don’t pay for what you don’t need. A simple solution that covers just what you need.
Property manager benefits
Using an accidental damage waiver instead of a security deposit eliminates chargeback disputes, as the renter pays for the damage waiver upfront as part of the rental. An ADW can also be a profit center for you, the property manager. A service fee can be added to the ADW charge making you more money on every rental. A good ADW will allow your cleaning staff to report damage up to 3 days after the guest checks out.
Eliminate security deposits
Sign up for waiVR and ‘wave’ goodbye to security deposits forever!
Profit center
Our low costs leave margin for you to markup the product and generate additional revenue with each booking.
Fewer disputes
Eliminate tenant disputes over security deposit deductions. Fewer unhappy customers and one star reviews.
Lower up-front booking costs
Leads to more bookings since tenants don’t have to shell out for hefty refundable deposits.
$0 deductibe
Covered incidents are paid out from the first dollar.
Why use Fudge for accidental damage waiver?
Fudge Insurance partnered with Fortegra to custom-design the premier vacation home security deposit alternative for property managers.
