Renters Bond

Explained

DIFFERENCES: BOND VS. INSURANCE

Renters insurance protects the tenant from financial loss caused by a covered cause of loss: Fire, theft, vandalism, wind, etc. Read your policy for details.
A renters bond protects the property owner, if the tenant fails to pay rent or damages the property. If that happens, you'll be in debt to the bond company instead of the property owner. Either way you're still in debit but the landlord is paid by the bond company. The bond allows us to rent to those without perfect credit.

AM I REQUIRED TO RENEW THE BOND? YES

If you were required to purchase a renters bond when you moved in, you are required to renew the bond.
If you changed credit cards, you will need to contact Rhino to update your credit card.
If you do not renew the bond, a bill for a security deposit equal to the bond amount will be billed to your account.
Eviction procedures will begin immediately if the bond is not renewed or a seuciryt deposit for an equal amount is not paid by the expiration date.

WHO DO I CONTACT FOR HELP?

If you have any trouble buying or renewing your bond, contact Rhino tech support at:

RHINO'S FAQ

COST OF BOND?

The cost is of the bond is based on your credit and the bond amount.

We'll text you a link to get a quote during the lease processing call.
The quote must be done through our login.
The bond company also sells renters insurance but it's generally less expensive to bundle your renters insurance with your auto insurance.