Tenant damage is one of the most common concerns for Furnished Finder landlords. Many rely on a security deposit for peace of mind—but when something actually happens, deposits can be difficult to manage and may not cover the full cost.
The Damage Protection Plan offers a simpler approach.
What is the Damage Protection Plan?
The Damage Protection Plan is a coverage program that helps cover accidental damage caused by a tenant during their stay.
If something is damaged, you file a claim and a licensed professional reviews it. The process is structured, transparent, and designed to be easy to follow.
It’s available directly in your Furnished Finder dashboard and powered by Rental Guardian - a company that has been providing this type of coverage to property managers for over 13 years.
What does it cover?
The plan helps cover accidental damage to your property, including:
Furniture and appliances
Walls, floors, ceilings, and windows
Pet damage (on pet-friendly listings)
Bed bug remediation
Host liability
Coverage is based on replacement cost, meaning it reflects what it costs to repair or replace today.
What isn't covered?
The plan is designed for accidental, tenant-caused damage. It does not cover:
Normal wear and tear
Intentional damage
Missing items without explanation
Damage before coverage begins
Claims without a signed lease
Early lease termination
If you’re unsure, it’s still worth filing—each claim is reviewed individually.
How much does it cost?
Plans are billed monthly, per unit:
Silver - $54.99/month: $2,500 content coverage, $300K liability, $300K real property, $5K bed bug
Gold - $64.99/month: $5,000 content coverage, $500K liability, $500K real property, $10K bed bug
Platinum - $74.99/month: $10,000 content coverage, $1M liability, $1M real property, $15K bed bug
You can also choose a No Deductible option for an additional $25/month, which removes the standard $150 deductible on content and pet damage claims.
Why this changes your deposit strategy
Many landlords don’t realize how much deposits affect demand.
57% of tenants say they’ve passed on a rental due to a high deposit
Most prefer deposits under $500
With the Damage Protection Plan, you may be able to lower your deposit while keeping protection in place.
A smaller deposit can still serve as a commitment signal—while helping reduce the friction that causes tenants to move on.
What happens if something goes wrong?
If damage occurs:
Document it with photos and notes
File within 14 days of checkout
Track your claim through a clear, step-by-step process in your mySedgwick dashboard
You’ll be able to follow progress and communicate directly with your reviewer.
The guidance is simple: file the claim and let the team review it.
How do I get started?
Go to: Landlord Tools → Damage Protection Plans
For the broadest protection, add coverage before your tenant moves in.
Get started with the Damage Protection Plan → (opens in new tab)