No. Obligo is not an insurance product or surety bond - we’re the only security deposit alternative whose model utilizes bank-issued Letters of Credit from Wells Fargo to provide you with enhanced protection.
If a charge is submitted for damages or missed rent, our platform immediately initiates ACH payment to the property manager. There are no claims processes required when using Obligo’s deposit-free service.
We also handle both deposit-free living and the collection of traditional cash deposits for you, helping you eliminate security deposit management.
Questions? Contact us to learn more.