Olli Insurance
All Programs
Specialty & Travel

Security Deposit Replacement

Move in without a large upfront security deposit.

Coverage Amount

Up to $5K

Tenant Fee

Fraction of deposit

Unpaid Rent

Covered

Claim Process

Simple & Fast

About This Program

Security Deposit Replacement is an alternative to traditional cash security deposits. Tenants pay a small, affordable fee instead of tying up thousands of dollars in a deposit, while landlords receive guaranteed coverage equivalent to the deposit amount for tenant-caused damage.

Key Features

Replaces traditional cash security deposit
Affordable one-time or monthly fee
Landlord receives guaranteed coverage
Tenant retains cash for other needs
Covers tenant-caused property damage
Covers unpaid rent up to deposit equivalent
Simple claims process for landlords
Available for new and renewal leases

Plan Highlights

Coverage AmountUp to $5K
Tenant FeeFraction of deposit
Unpaid RentCovered
Claim ProcessSimple & Fast

Underwritten by

Gallagher

Products are underwritten by licensed insurance carriers. Coverage availability and terms vary by state.

Coverage

Equivalent to deposit amount (typically $500–$5,000)

Deductible$0
Eligible Ages18–75
Pre-existing ConditionsNot Covered
CategorySpecialty & Travel

No commitment required. Our team will respond within 24 hours.

Embed this product. Available via API, white-label widget, or branded portal for platforms and partners.

Learn about embedding

Not sure if this is the right fit?

Browse all 28 programs to compare coverage options, or contact our team for a personalized recommendation.