Malaysian digital insurer VSure Group has partnered with PickTenants, a proptech company offering a tenant-screening and management platform, to launch an embedded insurance solution for landlords.
The landlord insurance plans offered is only available on the PickTenants platform where they would be able to select coverage amounts starting at RM 0.55 per day.
Landlords will be able to choose from five affordable plans with coverage levels ranging from RM1,000 to RM5,000 as additional financial protection.
On the other hand, the tenants will also benefit from this offering as they would be paying lower security deposits.
“We are thrilled to partner with PickTenants to offer new ways to build trust and connect tenants and landlords simply and innovatively, seamlessly embedding protection within the onboarding process. Disputes and mutual mistrust between tenants and landlords are common, causing hassle and frustration for both parties.
Our collaboration with PickTenants provides the ideal solution, allowing tenants and landlords to communicate and conduct business securely. This partnership demonstrates our commitment to finding innovative solutions for our customer needs by curating the right insurance solutions and services.”
said Eddy Wong, Co-founder and CEO of VSure Group.
“We are honored to be collaborating with VSure to provide embedded insurance to all Malaysians.
The combination of VSure’s innovative and affordable landlord insurance product and our proprietary tenant screening technology and platform enables landlords to lease out their properties with confidence,”
said Fabian Kong, CEO and Founder of PickTenants.
