Reply: Do you require renters insurance for all new move ins?

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Topic History of : Do you require renters insurance for all new move ins?

Max. showing the last 6 posts - (Last post first)
9 months 3 weeks ago #46317

Anonymous

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I used to be in the Renter’s Insurance field but no longer so don’t advocate for anyone particular. My advice would be to obviously find the right protection but more importantly what really and completely integrates with your PMS system. Some PMS providers are harder to work with and don’t give you easy access to track and make sure all your units are compliant. Happy to talk to you off line if you have questions about any of the solutions and /or the PMS capabilities like automatic liability coverage if residents defaults on their insurance . Standard requirement would be proof of insurance before handing over keys , min 100 K liability ( contents their own choice) and named as Interested party.
9 months 3 weeks ago #46316

Christopher Fluegge

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Require that you be added as the "interested party" and the insurance company will notify you of any changes, including if they remove you as the "interested party".
9 months 3 weeks ago #46315

Angi Hernandez

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You have the property listed as additionally insured so that if they cancel or drop you are mailed a notice.
9 months 3 weeks ago #46314

Anonymous

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ePremium is a great partner for insurance. We love our partnership.
9 months 3 weeks ago #46313

Sheylbe Smith

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Yes, $100,000 liability insurance and we require being listed as an additionally insured party.
If you’re listed as additionally insured, they send you docs if the policy is every cancelled or it lapses.
9 months 3 weeks ago #46312

Lena Ramo

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When you send out the renewal letters, indicate the proof of current renters insurance must be provided to renew the lease. You may want to keep a copy of the insurance declaration page in the residents file.

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