Mandating renters insurance
Our e Renter Plan program offers residents affordable, comprehensive coverage, while optional Renter Protection provides gap coverage for vacant units or uninsured residents. Offered through Real Page Renters Insurance, e Renter Plan offers coverage for almost all the ways a renter could cause damage, from full fire coverage, full reimbursement, pet liability, and more.If you mandate renters insurance for residents (and 84% of communities do*), take note: using our solution has proven to increase compliance by as much as 41%**. Get acquainted with the 7 Deadly Renters, and learn more about how to protect your property.Although renting a property does not subject a tenant to the same liability as that of a property owner, tenants can still benefit from obtaining separate renter's insurance policies.What Renter's Insurance Covers Renters' insurance policies are similar to homeowners' insurance policies but have no coverage for buildings or structures.If you only had ACV coverage, you would probably run far short of what you would need to properly replace these expensive items.Renter's insurance normally covers your living expenses if you must temporarily relocate because of extensive damage to your apartment.There a several options for payment depending on the type of policy you have.You can make a payment online by clicking on the email link provided in your notification email.
If you don't have much personal property to insure, then you can save money by choosing a lower policy limit. Renter's insurance is important as long as you rent your home.Certain actions of the policyholder which occur away from the insured property may also be covered.Note: The landlord's insurance will probably not cover tenant property losses unless the tenant can specifically demonstrate that the landlord was negligent in some manner. Although renter's insurance is not usually required, by the terms of some leases, tenants may be required to have insurance to cover their liability exposure if someone is injured on the premises, or if damages occur from items owned by the renter, such as waterbeds.It applies the same whether you rent an apartment, condo, coop, or house.That depends on whether you opt for an actual cash value (ACV) or replacement cost coverage policy.