Deposit Solution
Financial Services - Irvine, California, United States
Deposit Solution Employees
Deposit Solution Details
THE NEW ALTERNATIVE TO THE TRADITIONAL SECURITY DEPOSIT PROCESS. Deposit Solution offers tenants a credit-based alternative to the traditional cash deposit or letter of credit—for a fraction of the cost. Deposit Solution benefits to landlords: Easy deposit negotiation with incoming tenants An improved marketing tool that attracts top-quality applicants Deposits backed by a top-rated insurance carrier Deposit Solution benefits to tenants: Keep cash flow in your business Quick application and underwriting process Full compliance with your rental agreement EASY ONLINE APPLICATION PROCESS: 1. Complete online application form 2. Submit for approval 3. Sign bon with online signature 4. Make premium payment 5. Bond is issued and deposit is made Deposit Solution offers an exciting, new, and innovative product that will replace the need for cash or letters of credit as security for leases. Landlords will benefit by using this method to attract tenants and simplify lease negotiations―tenants will benefit by not tying up working capital. While the concept of replacing a cash requirement with a surety bond is not new, never before has this been made available to property owners. The tenant may now secure a bond to replace the first and last month's rent, as well as the cleaning deposit. Our bonds are underwritten by HCC Insurance Holdings, Inc., a leading specialty insurer with offices across the world which transact business in approximately 180 countries, and underwrite more than 100 classes of specialty insurance. Tenants and landlords alike can rely on Deposit Solution bonds to get their leases wrapped up easily, with both interests protected. HCC Insurance Holdings, Inc. is rated as follows: AA (Very Strong) Standard & Poor's Corporation A+ (Superior) A.M. Best Company, Inc. AA (Very Strong) Fitch Ratings A1 (Good Security) Moody's Investors Service, Inc. WWW.DEPOSITSOLUTION.COM
