Canopy partners with 360Globalnet on deposit insurance

first_imgThe partnership turns the traditional rental cash deposit model on its head, by instead providing renters with an instant quote (within 1-5 mins) and the ability to purchase deposit-free insurance, once they are invited by their estate agent or landlord.Canopy’s RentPassport, powered by Experian and Plaid, enables renters to build a portable digital rental history. Canopy’s app integrated with Experian, allows renters to improve their credit score over time by tracking their rental payments. The deposit-free insurance is an affordable alternative to paying five weeks’ cash deposits up front.The partnership also benefits landlords, providing them with additional security. Canopy’s deposit-free product offers landlords eight weeks deposit protection compared with five weeks with cash deposits. The tenant remains fully liable for any reasonable claims at the end of a tenancy, for example where the insurer makes a payment to the landlord for unpaid rent (except where the tenant was unable to pay the rent as a result of illness or loss of employment through redundancy).Canopy’s partnership with 360Globalnet will allow Canopy to provide efficient, and transparent end-to-end claims experience. 360Globalnet’s platform has been adopted by insurers in the UK, USA and Australia. Implementation has helped insurers reduce operational cost, increase NPS, and cut opportunistic fraud.Canopy’s CEO Tahir Farooqui said, “Our partnership will allow us to process claims expediently (within 48hrs) once we have satisfactorily received supporting evidence including property check-in and checkout reports.”no-code online digital claim 360Globalnet next-generation of no-code online digital claim 360Glabalnet RentPassport proptech Canopy Tahir Farooqui January 23, 2020Jenny van BredaWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Canopy partners with 360Globalnet on deposit insurance previous nextProptechCanopy partners with 360Globalnet on deposit insuranceCanopy has announced a partnership with 360Globalnet, a specialist in the next-generation of no-code online digital claim and risk assessment technology.The Negotiator23rd January 20200335 Viewslast_img read more