What is Lease Flexibility Coverage?
Lease Flexibility Coverage is a new kind of insurance coverage from Cios that protects you from having to pay remaining rent and lease break fees owed in the event you need to move out before the end of your lease.
Why would I need Lease Flexibility Coverage?
We recommend that all renters consider purchasing Lease Flexibility Coverage. Whether you're a student who might transfer or graduate early, or a long-term renter thinking about career progression in a new role, you never know what life will throw your way.
What does a Cios Lease Flexibility Policy Cover?
Your policy covers you for remaining rent and lease break fees owed to your landlord in the event you decide to move out early before the end of your lease. For example, if you were to relocate for a new job midway through your lease agreement.
How much does it cost?
Lease Flexibility Coverage starts at 2% of rent per month, but varies by state and depends on factors including your location, the type of apartment you're renting, as well as the coverage you choose.
How do I submit a claim?
Just open the Cios app at app.getcios.com and hit the ‘Claims’ button. We’ll guide you through the process from there. After your report is complete. Once your claim is approved, we’ll confirm your move-out date with you and your landlord, and send payments minus any deductibles directly to your tenant account with your landlord.
What if I want to cancel my policy or make changes to it?
You can cancel your policy at any time via the Cios app or website at app.getcios.com, and you’ll receive a refund for the remaining period you’ve already paid for. If you want to change your coverage amounts or add additional coverage, simply open the Cios app or access your account at app.getcios.com.