Get pre-approved and deposit insured for your next home
So how does it work?
Enter Your Details
Tell us about yourself to enable you to calculate and see your eligibility for deposit insurance. ( this does not effect your credit score)
Get Your Rent Passport
10-15 mins to receive your Rent Passport. Which you can share with Landlords and Agents when looking for properties.
Take up your Policy with your Landlord
When you have found your property you will receive an invitation to rent and your policy begins. All inside the app and you can save up to 95%** on deposit.
Build and manage your Reputation RentPassport™
If you pay your rent and bills on time, you look after the property and have had very few claims on your deposit insurance policy; well then it seems to us your good behaviour should be rewarded. When it’s time to move again, share your RentPassport™ and move into the house you like. You may also be eligible for no claims discount on Insurance policies.
£2,733, avg. deposit in London by 2026*
Save up to 95%** on the cost of your deposit
*Rental deposits are forecast to rise by 40 per cent by 2026, according to the data compiled by the Centre for Economics and Business Research
**Savings based on risk profile as judged by background checks and risk rating algorithm. Insurance products priced at a minimum risk premium of 5% of deposit value; the more data you share with us, the better your individual rating will be.
FOUND YOUR DREAM HOME
Now share your RentPassport™ with Agent / Landlord, pay for your deposit Insurance policy, review and sign our standard 1, 2, 3 year AST contracts, set-up monthly rent payment and you are done.
SPLIT YOUR RENT
Have roommates? Check that they’ve paid their share as well. Easily split rent with roommates and know when their share has been paid.
Manage your reputation
You have no or very few claims on our platform. Think your good behaviour should be rewarded?
All the good deeds are built-into your renter profile and individual rating.
Bypass the traditional deposit system
The cost is rising year on year, with the Insure street deposit insurance system you can move the upfront cost of your deposit
|Cost of one person renting in London||Conventional||InsureStreet|
|Average Rent||£1,542 pcm*||£1,542 pcm (sorry not much we can do about this)|
|Deposit||£2,134 (6 weeks rent)**||Zero|
|Other costs||£350 (Agent fees)***||£149 Insurance premium****|
|Cash outlay start of lease||£2,484*****||£149 (94% less!)*****|
*Homelet Rental Index Report – November 2016
**Homelet Rental Index Report – November 2016
***National average fees in England, Shelter research report
****Assuming 7% risk premium plus taxes
*****(£2,134+£350 versus £149)
InsureStreet’s Rent Passport™ enables tenant on-boarding within minutes and covers KYC, AML, Watchlist, Credit check, CCJs, ID verification and more. Free for Landlords, Agents and Tenants. ”Know your Tenant” at your fingertips.
© 2017 Insurestreet.co
InsureStreet and Insure Street are trading names of InsureStreet Limited which is an appointed representative of Ambant Underwriting Services Limited (for general insurance intermediary business), a company authorised and regulated by the Financial Conduct Authority under registration number 597301 to carry on insurance mediation activities. InsureStreet Limited is registered in England and Wales company number 10287920. Registered office at Jag Shaw Baker, 5th Floor Berners House, 47-48 Berners Street, London, W1T 3NF. InsureStreet policies are underwritten by Hiscox Underwriting Ltd on behalf of Hiscox Insurance Company Limited.