SAN FRANCISCO, March 25, 2025 /PRNewswire/ – MeasureOne, a leader in consumer data access and verification, has unveiled its Renters Insurance Verification solution. This new offering is designed to eliminate the manual burdens property managers and landlords face when verifying proof-of-insurance.
By automating the verification process at crucial points—including the application phase, during renewals, and throughout ongoing compliance checks—MeasureOne aims to enhance compliance, diminish fraud risks, and expedite tenant approvals.
Solving Pain Points for Property Managers and Landlords
Property management companies have long struggled with the complexities of verifying renters insurance manually. This process has traditionally been slow, prone to errors, and time-consuming, resulting in:
- Delayed Tenant Approvals: Property managers often spend considerable time following up with tenants to obtain proof of insurance, manually reviewing documents, and ensuring compliance with lease stipulations.
- Elevated Risk of Fraud and Non-Compliance: Without automated verification systems, tenants may provide expired, fraudulent, or non-compliant policies, exposing landlords to potential liabilities.
- Lack of Continuous Compliance Monitoring: Maintaining coverage after a tenant has moved in demands additional manual checks. Without recurrent verification, property managers could inadvertently be exposed to risks if coverage lapses unexpectedly.
These inefficiencies can impede the leasing process, elevate administrative workloads, and put properties at financial risk.
A Seamless, Automated Solution
MeasureOne’s Renters Insurance Verification solution directly tackles these pain points by providing:
- Real-time validation of renters insurance policies to eliminate manual errors.
- Automated re-verification at regular intervals, including during application and lease renewal periods.
- Enhanced fraud protection through embedded safeguards.
- Seamless integration with existing tenant screening workflows.
A Growing Market Opportunity
The U.S. renters insurance market is expanding, with projections estimating it will reach $5.89 billion by 2025. Given that 75% of insured renters are mandated by their landlords to maintain coverage, there is significant demand for automated verification solutions.
Built for Property Managers, Designed for Efficiency
MeasureOne’s new solution is designed for property managers looking to alleviate time-intensive verification processes. Businesses already utilizing MeasureOne for income and employment verification can easily incorporate renters insurance verification into their existing approval workflows, eliminating the need for additional integrations.
“By automating renters insurance verification, we provide property managers with a frictionless way to ensure all tenants meet lease compliance requirements,” stated Elan Amir, CEO of MeasureOne. “This launch further demonstrates our commitment to providing scalable, streamlined solutions for consumer data access and verification across all transactions. This latest offering extends that commitment by automating a critical, yet previously cumbersome, process for both property managers and tenants.”
To learn more, visit: https://www.measureone.com/
