Disruptive, unique, innovative, low-cost & all-in fee rental guarantee




Problem addressed by AvalVida:
To rent a property is expensive for the tenant (=renter) in any market due to: commission for real-estate agent, cautionary deposit in some countries, move, possible home renovation and, principally, bank deposit in order to obtain the rental guarantee and the guarantee's recurring commissions. A rental guarantee is a necessary product, because it is demanded by property owners (=landlords) in any market.
Innovation Description:
AvalVida's use of the pledge (assignment) of a life insurance-savings or annuity policy by tenant in favor of the landlord to guarantee the obligations under a rental agreement charging an all-in fee independently from the term of the rental agreement.
Other rental guarantees like those issued by banks and insurers charge fees regularly on a yearly base during the whole term of the rental agreement.
Target customers:
- Tenants who need a rental guarantee and own an assignable life insurance-savings or annuity policy
- And usually take out a bank guarantee
- Any age and sex
- Monthly rent from $600+ (US$) / € 600+ Euro
How does AvalVida's innovation add value?
AvalVida's added value for insurers, bancassurers and intermediaries:
- Unique, competitive, innovative & simple add-on and CRM-tool.
- Helps insurers and bancassurers in their customer retention efforts and to cross-sell single premiums
- Additional income
- Easy to use
- Tool for life insurers to compete with banks in the provision of rental guarantees
 For tenants:
- 70% cheaper
- All-in fee
- No bank deposit
- No recurring charges
- No other charges
- No contracting of additional products like accounts, credit cards, home insurance, etc.
- Little documentation
- No limitations
- No credit assessment like bank guarantees or rental insurance
For landlords and real estate agents:
- Eases rentals
- Additional income (real estate agents)
- Immediate and secure payment of outstandings (landlords)
Organization founded in Spain. Since October/2013. 4 employees. GROWTH phase.



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