Anyone heard of ePremium Insurance?

[James Bynum]

So I've been a renter for a very long time and this was incredibly odd to me but it worked out in my favor so I'll take it. I recently moved into an apartment complex in Spartanburg, SC and I moved from out of state so I just showed up after doing most everything online and was given a website to go to so that I could get renters insurance, and they said if I got insurance through this website I would only have to pay about $100 for my deposit!! I had never heard of such a thing, so I went to the website they gave me and sure enough, I first had to pay my renters insurance, which was $157 for the year or $13 a month, so I just paid for the full year since I got stuck in a 15 month lease. (Whole other topic in itself!) and then once I paid that it sent me to another page to pay the $100 fee to be covered for $400 worth of deposit, and that was it.

Has anyone heard of this kind of thing before? Maybe something to look into in the future. But I'm just trying to figure out how the apartment complex collects and how hard it is for them to collect, I would just rather take the check for $400. Maybe this is a way to get lower income people into the property so they don't have to put so much money down up front. It's definitely not the cheapest place in town, but so far I think I'm way overpaying for the crap whole this place is.