SES Risk Solutions and Latchel Partner to Curb Rising Property Insurance Costs for SFR Property Managers and Landlords

As the SFR industry continues to grapple with rising costs and compressed margins, SES Risk Solutions and Latchel have partnered to create a unique program offering designed to curb the cost of property insurance for investors and property managers. The partnership leverages Latchel’s innovative emergency maintenance technology, the buying power of a property manager’s portfolio, and SES’s proprietary technology and underwriting expertise to deliver an exclusive property insurance solution to Latchel customers.

“We’re very excited about this partnership with Latchel because we are able to go beyond just achieving purchasing convenience,” said Scott Phillips, SVP, Strategic Partnerships and Digital Integrations, SES Risk Solutions. “SES is committed to forming strategic partnerships that drive actual tangible value to residential property managers and investor clientele of all sizes.”

SES identified Latchel’s service offering as a game changer for property managers to offer their investor clients significant cost savings to insure their properties. Latchel’s proprietary emergency maintenance technology significantly mitigates and reduces potential damage to a property from an emergency maintenance event. SES demonstrated how this service reduces the overall risk profile used to price property insurance and thus create an exclusive program with lower rates than what would be independently accessible to the open market.

“SES has created one of the most innovative insurance solutions to enable third-party property managers to create new revenue streams while increasing their landlord retention,” said Ethan Lieber, CEO of Latchel. “Latchel has always aimed to provide maintenance automation solutions that create new revenue streams rather than being a cost, so the benefits that SES offers hits the bullseye for Latchel customers. It is the perfect enhancement to the emergency maintenance expertise that we already deliver.”