Version: August 21, 2026
Thank you for choosing Peak Insurance Advisors. The latest version of these terms together with your signed Renter’s Insurance Master Policy Management Agreement and/or RentCafe Rewards Addendum for Property Managers (as applicable) are the terms that apply to you (collectively, this “Agreement”). Peak is an insurance producer appointed by certain insurance underwriters and/or agents (“Insurer”) and is authorized to solicit and accept proposals for tenant legal liability policies (each a “Master Policy,” and collectively the “Master Policies”). Client, as an authorized agent acting on behalf of the Owner(s), desires to purchase Master Policies to provide certain limited tenant premises liability coverage for the insured location(s) specified herein (and, in certain cases, limited tenant personal contents coverage), pursuant to the terms and conditions of this Agreement and each applicable Master Policy.
1. Insurer Master Policy. The Master Policy issued to Client is underwritten by Insurer. PEAK ACTS AS AN INSURANCE PRODUCER ONLY AND PEAK IS NOT AN UNDERWRITER OR INSURER. Peak is authorized to solicit and accept proposals for Master Policies and may issue Master Policies as provided by Insurer. Client (or Client’s designated entity, e.g., the Owner entity of each property) will be the named insured (“Client” or “Property Owner” or “Owner” means the legal entities to be legally bound by this Agreement and, if applicable, listed in Schedule A of theInsurance Master Policy Management Agreement or in the RentCafe Rewards Addendum for Property Managers. The tenant is only an additional insured and not a named insured under the Master Policy. For information on premiums, liability coverages, exclusions, and conditions under the Master Policy, Client should refer directly to the Master Policy.
2. Term and Cancellation or Non-Renewal.
a. Term of Agreement. This Agreement will commence on the Effective Date and shall remain in full force until the expiration, cancellation or non-renewal of all Client Master Policies (“Term”). If Client or Client’s designated entity sells or ceases to manage a property, then this Agreement shall terminate with respect to such property.
b. Termination for Convenience. Client may terminate this Agreement for convenience with written notice to Peak upon the expiration, cancellation or non-renewal of all Client Master Policies. Termination pursuant to this section 3(b) shall be effective upon written confirmation that all Current Master Policies have expired, cancelled, or been terminated.
c. Termination for Breach. Either party may terminate this Agreement upon written notice to the other party if the other party materially breaches this Agreement and fails to cure such breach within 7 days of written notice or if the breaching party cannot reasonably cure the material breach within 7 days the breaching party fails to initiate cure within 7 days of written notice and fails to continuously and diligently work to cure the breach until the breach is cured. Termination pursuant to this section 3(b) (Cancellation of Agreement) shall be effective upon delivery of written notice after expiration of the applicable cure period.
d. Cancellation or Non-Renewal of Master Policy. Client or Insurer may cancel or elect not to renew a Master Policy pursuant to the terms and conditions of such Master Policy. If Client cancels a Master Policy pursuant to the terms and conditions thereof, Client shall provide Peak with written notice of such cancellation.
e. Effect of Cancellation or Expiration of Master Policy. Upon cancellation or non-renewal of a Master Policy for any reason, all coverage shall immediately cease for all tenants under such cancelled or non-renewed Master Policy.
f. Effect of Termination or Expiration of the Agreement. Upon termination or expiration of this Agreement, the relevant renter’s insurance functionality within Client’s instance of the Licensed Programs (as defined in Client’s SaaS Subscription Agreement (“SaaS Agreement“) between Client and Yardi Systems, LLC. (“Yardi“)) may be disabled.
g. Survival of Agreement Obligations. The parties’ obligations under of, sections 2(f) (Effect of Termination), 4 (Confidentiality), 5 (Warranties), 6 (Damage Limitations), 6 (Waiver of Master Policy-Related Claims), and 9 (General Provisions) shall survive this Agreement’s termination or expiration.
3. Premium Reporting and Remittance.
a. Premiums. Premiums shall be computed in accordance with Insurer’s rates as specified in the Master Policy declarations or as amended from time to time by Insurer.
b. Reporting Schedule. Client authorizes Peak to extract the reporting schedule and Client data from the database associated with Client’s SaaS Subscription Agreement in order to carry out its rights and obligations set forth in this Agreement. Peak acknowledges and agrees that the non-disclosure and non-use obligations set forth in the SaaS Subscription Agreement shall apply to any such Client data.
c. Remittance of Premiums. The premiums and any applicable taxes and fees set forth in Client’s Master Policy (together, the “Premiums”) shall be due and payable to Peak within 15 days of date of invoice thereof. Peak shall deduct its commission and remit the remaining Premiums to Insurer in a timely manner. Coverage for any individual residence premises and the occupying tenants will not be effective unless Client populates the reporting schedule and the appropriate Premium has been paid for such residence premises.
d. Failure to Pay. In the event of nonpayment or delayed payment of Premium or nonpayment of a monthly installment Premium, Insurer may, in its sole discretion, deny coverage and the same shall constitute cancellation of the Master Policy. Client’s partial payment of Premiums are subject to the terms of the Master Policy, which may include cancellation thereof.
4. Confidentiality. “Confidential Information” means all technical and non-technical information including: (i) patent, copyright, trade secret, and other proprietary information, (ii) this Agreement’s terms, (iii) software programs, software source documents, object code, source code, database dictionaries, web-based software applications and various “Policy in Force” reports, and (iv) any other information disclosed by a party, or to which a party is exposed because of this Agreement, that the disclosing party identifies as confidential at the time of disclosure or which – by its nature – reasonably should be regarded as confidential.
a. Nondisclosure and Nonuse Obligations. Each party (the “Receiving Party”) agrees that it will not disseminate, distribute, expose, or in any way disclose any Confidential Information of the other party (the “Disclosing Party”), to any third party. Notwithstanding the foregoing, Peak may disclose the Reporting Schedule data to Insurer, the underwriter, or other of the underwriter’s agents, producers or managers, for the purpose of adding individual residence premises to a Client’s Master Policy. The Receiving Party may use the Disclosing Party’s Confidential Information to the extent necessary to perform its obligations under this Agreement. The Receiving Party agrees that it will treat all Confidential Information with the same degree of care as the Receiving Party accords its own Confidential Information, but in no event less than reasonable care. The Receiving Party agrees that it shall disclose Confidential Information only to those of its employees and agents who need to know such information, and the Receiving Party certifies that such employees and agents have previously agreed, either as a condition to employment or in order to obtain the Confidential Information, to be bound by terms and conditions applicable to the Receiving Party under this Agreement. The Receiving Party shall immediately give notice to the Disclosing Party of any unauthorized use or disclosure of the Disclosing Party’s Confidential Information. The Receiving Party agrees to assist the Disclosing Party in remedying any such unauthorized use or disclosure of Disclosing Party’s Confidential Information.
b. Exclusions from Nondisclosure and Nonuse Obligations. The Receiving Party’s obligations per Section 5.a. (Nondisclosure and Nonuse Obligations) shall not apply to Confidential Information that the Receiving Party can document: (i) was (through no fault of the Receiving Party) in the public domain at or subsequent to the time the Disclosing Party disclosed the information to the Receiving Party, (ii) was rightfully in the Receiving Party’s possession free of any confidentiality obligation at or subsequent to the time the Disclosing Party disclosed it to the Receiving Party, or (iii) was developed by the Receiving Party’s employees or agents independent of, and without reference to, any information communicated to the Receiving Party by the Disclosing Party. A Confidential Information disclosure by the Receiving Party either (A) in response to an enforceable order by a court or other governmental body, (B) as otherwise required by law, or (C) necessary to establish the rights of either party under this Agreement, shall not be a breach of this Agreement by the Receiving Party or a waiver of confidentiality for other purposes; provided, however, the Receiving Party shall provide prompt prior written notice of any such Confidential Information disclosure to the Disclosing Party (to the extent allowed by applicable law) to enable the Disclosing Party to seek a protective order or otherwise prevent such disclosure.
c. Ownership and Return of Confidential Information and Other Materials. The Disclosing Party’s Confidential Information is and shall remain the Disclosing Party’s property, and this Agreement does not grant or imply any license or other rights to the Disclosing Party’s Confidential Information except as expressly set forth in this Agreement. Within five (5) business days after the Disclosing Party’s request, the Receiving Party will promptly either (at the Disclosing Party’s election) destroy or deliver to the Disclosing Party all Confidential Information and materials furnished to the Receiving Party, and the Receiving Party agrees to provide a written officer’s certification of the Receiving Party’s compliance with the foregoing obligation.
d. Third Party Information Disclosure. The Disclosing Party shall not communicate any information to the Receiving Party in violation of the proprietary rights of any third party.
5. Warranties.
a. Disclaimer of Warranties. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, AND TO THE FULLEST EXTENT ALLOWED UNDER APPLICABLE LAW, PEAK DISCLAIMS ALL EXPRESS, IMPLIED AND STATUTORY WARRANTIES WITH REGARD TO THE SERVICES INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.
b. Administrative Fee. The parties acknowledge that Client, in its sole discretion, has determined the amount of the administrative fee, if any, it will charge and collect in addition to the Premiums, and Peak makes no representation that such additional fee is permissible under applicable state or local law.
6. Damage Limitations.
a. Damage Waiver. REGARDLESS OF ANY OTHER PROVISION IN THIS AGREEMENT, AND TO THE FULLEST EXTENT ALLOWED BY APPLICABLE LAW, PEAK DISCLAIMS ALL OBLIGATIONS AND LIABILITIES FOR SPECIAL, INDIRECT, INCIDENTAL, EXEMPLARY, PUNITIVE AND CONSEQUENTIAL DAMAGES, ATTORNEYS’ AND EXPERTS’ FEES, AND COURT COSTS (EVEN IF PEAK HAS BEEN ADVISED OF THE POSSIBILITY OF THESE DAMAGES), ARISING FROM OR IN CONNECTION WITH THIS AGREEMENT.
b. Liability Limit. IN ADDITION TO THE LIMITATIONS OTHERWISE SET FORTH IN THIS AGREEMENT, AND TO THE FULLEST EXTENT ALLOWED BY APPLICABLE LAW, CLIENT AGREES THAT IN THE EVENT OF ANY CLAIM OR CAUSE OF ACTION BY CLIENT OR OWNERS ARISING OUT OF OR CONNECTED WITH THIS AGREEMENT, PEAK’S MAXIMUM LIABILITY TO CLIENT OR OWNERS, REGARDLESS OF THE AMOUNT OF LOSS CLIENT OR OWNERS MAY HAVE SUFFERED, SHALL NOT EXCEED TWENTY-FIVE THOUSAND DOLLARS ($25,000.00).
7. Waiver of Master Policy-Related Claims. Client acknowledges that Peak is merely an agent for Insurer and all claims under or relating to the Master Policies shall be made against Insurer. Client acknowledges that Peak is not liable for any claims under or relating to the Master Policies.
8. Assignment. This Agreement cannot be assigned by you for any reason without the prior, express, written consent of Peak, which Peak shall not unreasonably withhold or deny. Any attempted or purported assignment without the prior, express, written consent of Peak is void. The terms of this Agreement are binding on and inure to the benefit of both you and Peak and our respective, authorized assigns, successors, and legal representatives.
9. General Provisions.
a. Authority. Client represents and warrants that it has full power and authority to enter into and perform this Agreement, and that the execution and delivery of this Agreement has been duly authorized by the Owner and/or landlord of the Properties. Further, Client represents and warrants that (a) it has been duly authorized to enter into and perform this Agreement on behalf of the Owners, (b) the execution, delivery, and performance of this Agreement by the Client on behalf of the Owner does not violate any applicable law, regulation, order, or agreement to which the Client or the Owner is a party or by which either is bound; and (c) this Agreement, when executed and delivered by the Client on behalf of the Owner, constitutes a valid and binding obligation of the Owner, enforceable against the Owner in accordance with its terms. Client shall indemnify, defend, and hold harmless Yardi and Peak for any claims arising out of any breach or inaccuracy of any representation or warranty made by the Client under this Agreement.
b. Independent Contractor Status. The parties agree that they are independent contractors and nothing in this Agreement is intended to make the parties partners, agents, joint venturers, or any other form of joint enterprise, or to make the employees, agents, or representatives of one of the parties into employees, agents, or representatives of the other party. No party to this Agreement shall have any express or implied right or authority to assume or create any obligations on behalf of the other party or to bind the other party to any con-tract, agreement, or undertaking with any third party.
c. Disputes. In the event of a dispute arising out of or related to this Agreement, the parties shall use commercially reasonable efforts, in good faith, to informally resolve the dispute. These efforts shall be confidential and protected under applicable law as compromise and settlement negotiations. If after 30 calendar days of good faith negotiations the parties are unable to reach a mutually satisfactory resolution, either party may pursue its rights and remedies under applicable law.
d. Governing Law. This Agreement shall be governed and determined by the laws of the United States and the State of California as such laws are applied to agreements made and performed entirely within the State of California.
e. Venue. Any action or proceeding related to or arising out of this Agreement shall be resolved only in a court of competent jurisdiction in the City of Santa Barbra, California and the parties consent to the personal jurisdiction of such courts and expressly waive any right they may otherwise have to cause any such action or proceeding to be brought or tried elsewhere.
f. Waiver. The waiver of a party’s breach of this Agreement shall not operate or be construed as a waiver of any other or subsequent breach.
g. Severability. If a court or other body of competent jurisdiction determines that any part of this Agreement is unenforceable, the remainder of this Agreement shall nevertheless remain enforceable.
h. Entire Agreement. This Agreement constitutes the final, complete, and exclusive statement of the agreement between the parties pertaining to the Agreement’s subject matter and supersedes all prior and contemporaneous understandings or agreements of the parties. No party has been induced to enter into this Agreement by, nor is any party relying on, any representation or warranty except those inducements, representations and warranties expressly set forth in this Agreement.
i. Modifications. You acknowledge and agree that this Agreement and any additional terms of use that apply to the features, products and services you qualify for and license can only be modified by Peak.
j. Client Leases. Peak renders no legal opinion with respect to Client’s lease agreements. Client should obtain advice from its own legal counsel as to the enforceability and applicability of any provision, amendment or addendum to Client’s lease agreement relating to renter’s insurance.
10. ResidentShield Policy Manager Additional Terms.
a. Service Fee: If you choose to use ResidentShield Policy Manager, you agree to the additional Service Level Agreement terms in section 10.a.b below, including a Service Fee of $1.00 per month per Unit enrolled in a Master Policy. Peak will add this non-prorated service fee to the monthly Premium invoice. .
b. Service Level Agreement.
1) Client understands and agrees that it is responsible for ensuring that its notice address on each Resident Third Party Policy shall be the mailing address provided by Peak.
2) Peak will receive, review and process each Resident Interested Party Notice that it receives from a Resident Third Party Policy Provider pursuant to Section 1 above, or directly from Client. Client acknowledges and agrees that Peak will not be liable in any way or responsible for reviewing or processing any Resident Interested Party Notice that is not sent to Peak’s designated mailing address.
3) Peak will enter the relevant information from each Resident Interested Party notice into the Client Database as more particularly described below:
a) Pending Cancellation or Expiration Notice: Peak will update the appropriate cancellation or expiration field within the Client Database with the date provided on the Pending Cancellation or Expiration Notice.
b) Rescind Cancellation or Expiration Notice: Peak will remove the date currently populating the policy cancellation or expiration field within the Client Database.
c) Cancellation or Expiration Notice: If the cancellation or expiration date is not currently populated from a Pending Cancellation or Expiration Notice, Peak will update the appropriate cancellation or expiration date field within the Client Database with the date provided on the Cancellation or Expiration Notice.
d) Reinstatement Notice: Peak will update the appropriate fields within the Client Database to show the policy has been reinstated and is no longer cancelled or expired.
4) Definitions.
a) “Resident Third Party Policy” means a renter’s insurance policy providing coverage other than ResidentShield HO4, ResidentShield Master Policy, or ResidentShield TLL policy.
b) “Resident Interested Party Notice” means a Pending Cancellation or Expiration Notice, a Rescind Cancellation or Expiration Notice, a Cancellation or Expiration Notice, or a Reinstatement Notice.
c) “Resident Third Party Policy Provider” means an insurance company, agent, or producer other than Peak or Insurer(s) working through Peak.
d) “Client Database” means the database associated with Client’s SaaS Agreement. Client authorizes Peak to extract any data necessary for Peak to perform its Agreement obligations from the Client Database. Peak acknowledges and agrees that the non-disclosure and non-use obligations set forth in the SaaS Subscription Agreement shall apply to any such extracted data.
e) “Pending Cancellation or Expiration Notice” means a notice delivered by a Resident Third Party Policy Provider to a certificate holder or interested party, notifying the holder or party that the relevant policy is scheduled to cancel or expire at a specific future date.
f) “Rescind Cancellation or Expiration Notice” means a notice delivered by Resident Third Party Policy Provider to a certificate holder or interested party, notifying the holder or party that the relevant policy is no longer pending cancellation.
a) “Cancellation or Expiration Notice”means a notice delivered by Resident Third Party Policy Provider to a certificate holder or interested party, notifying the holder or party that the relevant policy has been cancelled or has expired and is no longer in-force as of a specific date.
b) “Reinstatement Notice” means a notice delivered by Resident Third Party Policy Provider to certificate holder or interested party, notifying the holder or party that the previously cancelled policy has been reinstated as of a specific date.