A Two-Part Solution to One Big Problem

At the heart of SingleKey’s offering lies a clever two-step model:

1. Tenant Screening – Landlords can purchase a $30 comprehensive screening report that includes a credit check, income verification, and rental history. This “due diligence” layer ensures landlords identify any potential tenant red-flags before signing the lease.
2. Rent Guarantee – Once the screening is complete, SingleKey can underwrite a Rent Guarantee product. Think of it like a warranty on tenant screening: if the tenant stops paying rent or damages the property, SingleKey steps in to cover the losses, including legal costs tied to eviction.

This combination makes SingleKey not just a proptech company, but an enabler of smart, insurable risk.

Most landlord insurance products are hard to sell upfront. But $30 for peace of mind? That’s an easy first step. The Rent Guarantee then becomes a natural upsell; already underwritten based on the screening data. This sequencing transforms a tedious process into a value-driven journey for the landlord.

What makes the model sing is how tightly it ties data to coverage. Unlike traditional renters insurance (which protects the tenant’s stuff), SingleKey’s Rent Guarantee directly protects the landlord’s income — the #1 risk in small-scale rental property ownership.

Now four years into their growth journey, SingleKey is scaling in two directions:

• Expanding across Canada, including M&A activity to consolidate the market and bring in more multifamily portfolios.
• Entering the U.S. market, where there’s significant demand for turnkey tenant risk solutions.

Their push into multifamily rental properties and U.S. metros opens the door to new distribution partners, InsurTech enablers, and carrier-backed underwriting collaborations. It’s also an opportunity for the InsurTech NY community to plug in — from venture networks to go-to-market support.

For InsurTechs looking to embed protection into everyday processes, SingleKey is a case study in smart sequencing: lead with data, convert with coverage. For landlords, it’s a no-brainer. For renters, it helps improve housing accessibility while encouraging financial responsibility–especially since renters can report monthly rent payments to credit bureaus, like Equifax Canada.

And for insurers? It’s a playbook worth studying.

SingleKey is actively seeking a tenant insurance underwriter:

• SingleKey is expanding into tenant insurance and seeking underwriting capacity to launch a new program, building on proven sales success and significant market traction, with a renter user base nearing 1 million.

To connect with SingleKey to explore partnership opportunities, reach out to: viler@singlekey.com