Snug performs a risk assessment, to ensure BondCover is issued to suitable Renters.
The following checks and validations are completed:
- Validate email, mobile as part of the login process.
- Validate rental address and lease details with the owner or authorised manager.
- Validate rental history.
- Validate bond amount.
- Identity check of drivers licence or passport using a third party data service.
- Check bankruptcy and a third party national tenancy database.
- Check bond details and signature with the rental bond authority.
Snug does NOT use social data to calculate a "Trust Score".
Property Managers should be aware that BondCover is a limited guarantee and read the Terms for details. BondCover is an alternative for a traditional cash bond. Landlord's insurance is recommended to cover the risks beyond the Bond Amount.