Security Deposit Insurance For Tenants – Aster National

Security Deposit Insurance

No Security Deposit Required. No Hassles.

The cost of getting into a rental unit can be very expensive for many renters. First and last month’s rent, plus a security deposit can mean many thousands of dollars of up-front cash required to get into a lease. 

At the time of move-out, arguments over what funds are to be returned can result in endless battles and, in some cases, lawsuits which nobody wants.

Further, most tenants do not know that there are special laws governing the handling of security deposit funds. Many states require that the funds be held in special escrow accounts and that the interest accrued be paid to the tenant which is often not done. Many landlords make the costly mistake of co-mingling these funds with other money in the same account, leading to legal or other financial trouble down the road and can result in attempts to deduct from the security deposit more than is permitted by that state.

Security Deposit Insurance removes all these difficulties.


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How It Works

The coverage is a special insurance program provided to Landlords to replace the need for a security deposit or to be able to return the funds from an existing deposit while keeping the coverage it provides. 

The application process is easy and instant. Simply fill out the form below to send a request to the Landlord who fills out the individual application for coverage. The tenant must have a credit score of 600 or more. By filling out the application, the Landlord is granted immediate access and is the one insured. 

A lease waiver is then signed by the tenant and is submitted, along with payment and the process is complete! Approval is instant and the final policy is provided to the Landlord so that the tenant can move in.

Other similar programs cannot be purchased mid-lease and simply pass the cost of the claims back to the tenant which is unpopular.

This program is an actual insurance coverage for the Landlord, can be purchased at any point during the lease and does not defer claims to the tenant, making it mutually beneficial for all concerned.

Coverage can be purchased at any time during an existing lease for the duration of the lease term. 

This enables Landlords to pass the initial security deposit back to the tenant and gain the benefits of the coverage.


The premium is a fixed rate of 25% of one month’s rent, plus a small program fee which varies based on the number of years of the lease term. The premium provides for the coverage which lasts for the entire term of the lease and is a fraction of the cost of a traditional security deposit.


The program provides access to more potential coverage than a traditional one month’s rent security deposit.

The coverage amounts are fixed and apply to any lease:

1) 6 Weeks of missed rental payments

2) $500 for property damages caused by the tenant

3) $300 for pet damages

4) $300 unpaid utilities

5) $300 eviction fees

How Does It Compare To Other Programs?

Our Program

Other Programs

Other programs promote to be “insurance” but are actually bonds. This means that the tenant pays a small monthly fee for the bond and when the landlord submits a claim, the issuing agency pays the landlord and then collects those funds from the tenant.

In some cases this means that the tenant can wind up paying more than the security deposit amount.

Aster National provides actual insurance which means no follow up or collection is done with the tenant.

Ready To Get Started?

Fill out the form and we will automatically send your request to your Landlord to get signed up so you can get started today!


Once it is sent, be sure to let them know to complete the application. You can also send them the following link and additional resources and information on the program.

Have questions?

Feel free to give us a call!

(626) 618-9169

(800) 805-1070