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Campus Advantage has partnered with Multifamily Insurance Partners (MFIP) to bring you an industry-best, turnkey, mandatory resident insurance and education program for your properties and residents.”

Campus Advantage has partnered with Multifamily Insurance Partners (MFIP) to bring you an industry best, turnkey mandatory resident insurance and education program for your properties and residents.

Mandating proof of liability insurance for apartment residents has, for over 20 years, proven to be a highly lucrative and easy-to-execute initiative. It provides tangible benefits for both property owners and their residents, which include:

LOSS RECOVERY

An insured resident protects your asset by allowing for a much greater opportunity for recovery of many types of resident-caused damage.

LOSS RECOVERY

An insured resident protects your asset by allowing for a much greater opportunity for recovery of many types of resident-caused damage.

PROTECTED RESIDENT

Residents and guarantors benefit greatly by being protected in the event they cause damage to the property or to others. If a resident has liability insurance and accidentally causes a fire (candle overturns), flood (because they hit the sprinkler head), or smoke damage (cooking pasta), their liability insurance will pay the property owner directly with zero deductible.

PROTECTED RESIDENT

Residents and guarantors benefit greatly by being protected in the event they cause damage to the property or to others. If a resident has liability insurance and accidentally causes a fire (candle overturns), flood (because they hit the sprinkler head), or smoke damage (cooking pasta), their liability insurance will pay the property owner directly with zero deductible.

OTHER ADVANTAGES

Lower loss ratios on your commercial insurance due to resident insurance company payments can lower your property insurance rates over time. And, studies have shown residents actually prefer living in communities where all residents carry coverage – much like the communal benefits of required auto insurance.

OTHER ADVANTAGES

Lower loss ratios on your commercial insurance due to resident insurance company payments can lower your property insurance rates over time. And, studies have shown residents actually prefer living in communities where all residents carry coverage – much like the communal benefits of required auto insurance.

HOW IT WORKS

You as the owner agree to require all residents to provide proof of at least $100,000 liability coverage as a condition of tenancy.

Residents can choose any insurance provider, but must purchase at least $100,000 of liability insurance. Campus Advantage will offer a preferred provider of choice (MFIP) that will provide, by far, the most convenient, easiest-to-purchase option for your residents.

  • All residents are pre-approved with MFIP and guaranteed coverage.
  • Custom websites and call center processes allow enrollment in as little as 5 minutes.
  • Highly customizable policies with features and price points have been developed specifically for the student/guarantor.

Property staff are not required to sell insurance but simply enforce the property’s liability requirement. Policies purchased through MFIP are a third-party transaction, and all questions, claims, etc. are directed to the insurance company.

WHY HAVE WE PARTNERED WITH MFIP?

  • MFIP is the most experienced and innovative resident insurance program operator and partner in the industry.
  • MFIP is solely focused on the design and implementation of resident insurance programs and specialized in the student housing segment.
  • MFIP’s staff are all former operations professionals, and their program reflects this focus.
  • MFIP takes a customized approach to every customer, maximizing economic gains for property owners with minimum resource allocation.
  • Insurance is a highly regulated process, and as the inventors of the category in multifamily, MFIP has covered every base to ensure a legal and compliant process.

WANT TO LEARN MORE?

If you would like to schedule a call to discuss resident insurance programs in more detail or ask specific questions, please contact your VP, or you can speak with MFIP directly by emailing them at