For the tenant, it means there is no need to pay a security deposit to the landlord and tie up their money. Instead, Bailsman provides a guarantees to landlords. Tenant pays a low guarantee fee and a bigger sum is only required to be paid in case a claim is made by the landlord.
At the same time it is simple and quick for the landlord to claim out the security deposit sum on a "no questions asked" policy which is only one click away. Bailsman's aim is not to change the classical security deposit model, but to release tied up finances.
To ensure confidence that there is no risk of not receiving the amount of the requested claim, Bailsman only provides guarantees that are backed by licensed financial institutions.