Your landlord or property management company may insist that you get renter's (tenant) insurance in order to rent suites in their apartment buildings. It may seem like just another step during the rental process, however it maintains several key benefits to help you maintain peace of mind while living in your rental suite. Learn why renter's insurance is a must below.
Landlord's insurance policy only protects the structure of the property you are renting. Your personal property is NOT protected under the landlord's insurance policy. That means, your clothing, furniture or electronics are not covered if it becomes damaged by fire or water.
In the unfortunate event of significant damages to your home, your insurance policy will cover the cost for your temporary expenses. This may include hotels, food, clothing, etc.
You can be rest assured that your precious personal properties are all protected under your own tenant insurance
Your Tenant Insurance policy includes liability coverage that will protect you when guests are injured in your home or if you damage your guests' property
Lastly, Renters' Insurance is mandatory when renting with Sterling Karamar Property Management.When you choose to rent at one of our properties, you are required to present insurance verification during the application process. Ask us if you need recommendations on an insurance provider.