From my experience with both normal and speedhome. Tenant tend to damage your house with speedhome because they have no deposit placed with speedhome or the Landlord. They could not care less because there is no immediate penalty or loss of money to them.

If Tenant have 2 months deposit with landlord, Tenant want to get back as much as possible so Tenant will clean up and repair the things so that Landlord can deduct as less as possible from their deposit.

Of course, landlords should still screen their tenant and not just leave it to speedhome alone. Remember, speedhome is a tech company looking for high valuations. Tech companies could not care less if you die or not because you are just a small ikan bilis in the ocean. It's a dog eat dog world

Facts:

1. 60% of case approved within 5 business days from the moment documents fully submitted to claims approved
2. The remaining, 90% of case approved within 15 business days.
3. Only 2% of case takes more than 30 business days to approve
4. The longest claims day took to approve is 48 business days as of to-date
5. 50th percentile - all claims* taken care by Basic package.
6. ~85th percentile - all claims* can be taken care of with Extended package.
* means the submitted claim vs approved claim = 100% match.

Remaining 2% - Allianz approved less, we pay from our pocket to subsidize when we think it is reasonable for landlord to claim it.

Claims include unpaid utility bills and damage / stolen furniture.

We will send tenant records to credit reporting agency if there is claim.