- ·Underwriting Profit Retention: KIS retains 100% of surplus (premiums minus claims & expenses). Industry average: 40–70% of premium collected.
- ·Investment Income: KIS collects premiums upfront and pays claims over time, investing reserves and keeping the yield.
- ·Direct Reinsurance Access: Bypass retail brokers and buy catastrophic protection directly from wholesale reinsurers at significantly lower rates.
- ·Market Leverage: As a licensed insurance entity, KIS is a peer to other carriers — able to negotiate premium sharing with brokers.
- Renters Insurance
- Security Deposit Waiver
- Breed Specific Protection
- Pet Damage Waiver
- Pet Health Insurance
- Landlord Liability & Dwelling
- Home Warranty Protection
- Guaranteed Rental Income
- Eviction Recovery Protection
- Master Vendor Policy
- COI compliance management
- Commercial General Liability
- Errors & Omissions
- Cyber Liability
| Program | 2026 | 2027 | 2028 |
|---|
Covers resident-caused accidental damage (fire, smoke, explosion, water) and provides HO-4 equivalent policies for personal property and broader liability. Includes ongoing compliance management to ensure tenants meet the minimum insurance requirements in their leases.
- "Good to Go" the moment they sign the lease
- No separate bills — built into rent ledger
- $15/month equivalent to standalone policy
- No deductible for resident-caused property damage
- Broader coverages than typical retail policy
- KIS tracks and manages all compliance
- No coverage gaps — force-placement backstop
- Quick claims response with PM control over process
- Eliminates manual COI collection and approval
- 40,000 starting leases on 30-month renewal cycle
- 70% adoption rate at renewal and organic growth
- 8,983 ending policies by Dec 2026
- 24,383 policies by Dec 2027
- Gross premium: $539K (2026) · $3.1M (2027) · $5.5M (2028)
| Line Item | 2026 | 2027 | 2028 |
|---|
Allows residents to pay a monthly fee in lieu of a larger upfront deposit. The captive backs the program to cover end-of-lease damages not paid by the tenant. Pricing is based on credit scores rather than rent amounts.
| Line Item | 2026 | 2027 | 2028 |
|---|
Protects owners against loss of rental income due to eviction, combined with guaranteed monthly disbursements while the property is leased. Provides financial continuity for owners during tenant non-performance and removal proceedings.
- Competitive differentiator in the market
- Standardizes disbursement accounting
- KIS absorbs 2.5% eviction risk
- Bonus revenue for lower eviction rates
- Protection against rent skips up to 3 months
- Align debt service with guaranteed payments
- Ideal for investors with tight mortgage margins
- New doors: 100% inclusion via PHR mgmt fee
- Legacy renewals: opt-in at 1% rate
- 500 new doors/month organic growth
| Line Item | 2026 | 2027 | 2028 |
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Provides coverage for residents who own one of the 7–9 listed restricted breeds typically excluded from standard landlord liability policies. Fills a critical gap that often prevents residents with certain pets from securing housing.
| Line Item | 2026 | 2027 | 2028 |
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Incorporated into pet rent, this product supplies properties with dedicated pet damage coverage backed by the captive. Protects owners from repair costs caused by resident pets beyond what standard deposits cover.
- Markets to 100% of applicant pool — no "no pet" barriers
- Standardized non-negotiable pricing structure
- Pet-owning residents are statistically less likely to move
- Reduces vacancy loss and turnover costs
- $20 per pet per month recurring revenue
- Favorable loss ratio (<5% claim frequency)
- Scalable with portfolio growth
- Data aggregation to refine future products
- $2,000 guarantee vs. capped traditional deposit
- Risk transferred to KIS — no "pet gamble"
- $30/month additional income per pet
- Units stay occupied longer
Covers the cost of repairing or replacing major home systems and appliances that break down due to normal wear and tear. Offered in standard and platinum tiers to meet varying levels of coverage need across the managed portfolio.
- HVAC: Semi-annual tune-ups + parts/labor up to $1,500/year
- Plumbing: Leaks, clogs, water heater repair/replacement, garbage disposer
- Electrical: Switches, outlets, panel components
- Best for new builds or catastrophic-only coverage
- Everything in Standard, plus:
- Appliances: Refrigerator, oven, dishwasher, washer/dryer
- Roof leak: Patching and minor repairs (not full replacement)
- Re-keying: Complimentary during tenant turnover
- Covered issues resolved quickly — no dispatch delays
- Reduces or eliminates large surprise expense items
- More predictable cash flow for owners
- Premiums are tax deductible
| Line Item | 2026 | 2027 | 2028 |
|---|
Covers the legal costs associated with removing non-performing tenants, including attorney fees and court costs. Reduces financial exposure for property owners navigating the eviction process.
- Streamlined claims submission process
- Differentiator in owner acquisition
- Reduces owner attrition during eviction events
- No surprise expenses from eviction proceedings
- Up to $4,000 coverage per incident
- Predictable, low monthly cost
- Covers attorney, filing and court fees
- Premium: 0.65% of monthly rent
- ~$16.25/month per policy at $2,500 avg rent
- Projected 1,722 policies by end of 2027
- Gross premium: $195K (2027) · $494K (2028)
| Line Item | 2026 | 2027 | 2028 |
|---|
Provides rental dwelling coverage and liability protection with optional rent loss coverage from a covered peril. Delivered through a Master Policy specifically designed for owners via a national insurance provider — offering broader coverage and competitive rates. KIS earns a commission with no risk of loss.
- Seamless compliance — no manual insurance uploads
- Group-style rates through SWBC
- No "vacant property" or "tenant damage" exclusions
- Optional Loss of Rents coverage
- Avoids 60-day vacancy trap
- $1M liability coverage
- Reduces liability across portfolio
- Eliminates COI tracking burden
- Every enrolled door backed by verified policy
- Legacy conversion: PMA renewal trigger
- Target 0.5% adoption — 200 policies Year 1
- New onboarding: preferred solution at PMA signing
- Organic adoption ramps from 5% to 25% by Month 5
- KIS: 15% commission, zero risk
| Line Item | 2026 | 2027 | 2028 |
|---|
A mandatory master liability wrap for every vendor regardless of size — eliminating the compliance gap for small vendors and the COI tracking burden for large ones.
- Target: Handymen, cleaners, solo contractors
- No independent $1M/$2M CGL policy
- Auto-enrolled in KIS Master Policy
- Percentage-based fee deducted from every invoice
- Provides pay-as-you-go professional coverage
- Target: Large firms with existing insurance
- Contingent wrap secondary to vendor's primary policy
- Flat $15–$25 administrative fee per invoice
- Backstop against policy lapses or hidden exclusions
- KIS handles all COI auditing
- For PHR: Eliminates COI paper chase and manual errors
- Shifts 100% of vendor liability off PM's books
- For Owner: Every vendor backed by institutional policy
- Collection via PM deduction from vendor invoice
- Monthly remittance to KIS
| State | KIS SOS Status | KIS Licensing Status | KIS License # | Comments | Blocker License # | Gagliasso License # |
|---|
| Milestone | Quarter | Month | Status |
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KIS enhances its market position by offering pet health insurance for residents, powered by Spot Pet Insurance. With 50% of PHR residents owning pets, KIS targets 10–12% adoption among pet owners through embedded distribution at lease-signing and pet registration. Residents receive a 10% Strategic Partner Discount and KIS earns a recurring 10% commission.
Embedded Distribution — When a resident fills out their pet profile, a Protect Your Pet button appears with a pre-filled quote. Spot provides monthly reports of active policies for auto-verification.
Total Pet Protection Bundle — Bundled with the Pet Damage Waiver: PDW protects the owner, Spot protects the resident, creating a holistic Pet-Friendly brand that increases the value of the PHR brand.
- 10% Strategic Partner Discount on premiums
- Pre-filled quote at pet registration
- Covers dogs ($47/mo) and cats ($23/mo)
- Peace of mind for pet health costs
- 10% recurring commission on all active policies
- No claims risk — pure commission model
- Increases pet reporting compliance
- Strengthens Pet-Friendly brand positioning
- Conservative (5%): 25 pets · $1,155/yr
- Target (12%): 60 pets · $2,772/yr
- Optimistic (20%): 100 pets · $4,620/yr
- Weighted avg premium: $38.50/mo