SRX, AIG offer insurance in lieu of tenancy cash deposits

Singapore

SINGAPORE property portal SRX has teamed up with general insurer AIG Asia Pacific Insurance (AIG Singapore) to let tenants replace their security deposits with an insurance policy instead.

Landlords listing on the SRX website can now give tenants the option to buy an AIG insurance policy that replaces a tenant's security deposit, and covers landlords for loss and damage of their property that is not limited to the amount of the security deposit.