Why should I require my tenants to have a Renters Insurance Policy?
Here at Rent Perfect we highly recommend you require tenants to maintain a Renter's Insurance policy. Considering how affordable Renter's Insurance is it's a no brainer for your tenants to obtain their own policy, while living at your rental or anywhere else. Once someone is approved by you they can even apply for a policy right through their account on the Rent Perfect website. We have arranged a special rate at affordablerentersinsurance.com that includes an option for up to 300,000 in liability insurance and also the option to cover their own personal property as well. The average policy that includes liability and property insurance costs about $12 per month. Many landlords think their home owner's Insurance policy is all they need, but thats no the case. Renter's insurance gives added protection should a lawsuit at your property arise due to your tenant's negligence. Also, in the event something happens to your property such as a fire or flood that is no fault of your tenant, this will ensure the tenant's own personal property is covered giving both you and your tenant peace of mind. Should something unfortunate happen, both you and your tenant will be grateful you are covered.
click here to to read a helpful article about Renters Insurance.
click here to learn how to adjust renters insurance settings in your Rent Perfect account.
Insurance veteran Scott Urry takes you through the ins-and-outs of renters insurance and why it is a must.
Renters insurance policies through Norton Real Protect Arthur J. Galagher Co.