Rhino' Security Deposit Insurance product replaces cash security deposits with smart, affordable insurance so renters can maintain control of their cash. Instead of a large upfront cash security deposit, renters pay Rhino a small monthly fee, and Rhino insures the home for the property owner in case of damages or unpaid rent that might occur.
Our enrollment process takes just minutes and is available to all renters, regardless of credit score or income. Rhino automatically deducts a small monthly payment that’s significantly less than a security deposit, which is usually upwards of thousands of dollars.
How does Rhino work?
Rhino is security deposit insurance that replaces the need for a traditional security deposit.
Instead of a large upfront cash security deposit, renters pay Rhino a small monthly fee, and Rhino insures each home for the property owner in case of damages and lost rent that might occur.
Rhino is available to renters through their property owner and is available at any property that partners with us.
Do I get my payments back at the end of the lease like a security deposit?
Rhino replaces the need for a large security deposit and your low monthly payments are not refunded at the end of your lease. Rhino fulfills the same requirement as a deposit, but at a fraction of the cost. In addition to paying for a Rhino policy in full at move-in, you can make payments in monthly installments.