How roommates can split the premium

Padder works on a "one policy per lease" model: there's one Padder Guarantor or Padder Deposit policy for the whole lease, not one per person. The premium covers the whole household, so how you divide it between roommates is up to you.

How payment works

The premium is paid once for the lease by the primary applicant, the person who started the application. Roommates aren't billed separately at checkout.

So splitting the cost happens between you and your roommates, not through separate payments to Padder:

• The primary applicant pays the full premium.
• Roommates then reimburse the primary applicant directly for their share.

Deciding shares ahead of time, and settling up once the primary applicant has paid, keeps things simple and avoids any delay in activating your policy.

If you want to split an Interac e-Transfer between roommates, email underwriting@padder.com before anyone sends money so we can match the payments to your application.

Receipts

Once payment is confirmed, the primary applicant's checkout page becomes the receipt for the lease, showing the premium, tax and any processing fee. The primary applicant can share a copy with roommates as needed. If anyone needs an updated summary showing the total premium and payment status, email support@padder.com.

For how checkout and payment work step by step, see How checkout works for Padder Guarantor or How checkout works for Padder Deposit.