Renters Insurance
Simply put, your landlord in not responsible for your personal possessions that may be stolen, lost in fire etc. For this reason alone, we encourage tenants to purchase a renters insurance policy because fires and thefts can happen at any time.
You should buy a policy that includes replacement cost coverage, providing full replacement cost of the lost items instead of the depreciated value items.
Another benefit of a renters policy is that it will provide you with Loss Of Use coverage. In the event of a loss, the policy will pay for your tenant’s hotel stay, food, etc until we can get you back into your apartment.
Depending on the company you choose, you can get discounts for:
- Multipolicy discount by combining home and auto
- Alarm system credit
- Non-smoker
- Claims-free
Other advantages you could enjoy include:
- Replacement cost on contents
- All perils coverage
- Identity theft coverage
- Large loss deductible waiver
