How do Deposit Guarantees work?
Instead of locking up cash in a traditional deposit, you pay Insurami a small monthly fee for a Deposit Guarantee.
If there is any unpaid rent or damages over the course of your lease/licence, your landlord will be able to make a claim from the Deposit Guarantee.
Can using Insurami impact my other credit facilities?
Our Deposit Guarantees are unsecured financing and an off balance sheet expense, meaning that they won't affect any of your leverage metrics or credit profile.
Will I need to provide a personal guarantee?
No, Deposit Guarantees don't require personal guarantees.
Are there any exit fees if I want to swap to a cash deposit in the future?
You can cancel the Deposit Guarantee at any time with no exit fees, provided your landlord consents (e.g. if you swap to a cash deposit).
What is your range of pricing?
Our pricing ranges from 0.7% per month to 1.6% per month. To confirm your quote, please apply.
How can I reduce my monthly payments?
Sharing your financial data with us annually, allows us to update our pricing for all customers and may qualify you to lower your monthly fees by up to 20% (dependent on our internal risk assessment).
Can I use a Deposit Guarantee to unlock my existing cash deposit mid-lease?
Yes, you can use a Deposit Guarantee mid-lease to unlock your deposit and return the cash to your business. You will need your landlord's consent, so we recommend structuring the conversation with your landlord around a break event or a renewal.