Buying a policy to cover your possessions is always a good idea and more property owners are making the decision a lease requirement. An owner’s insurance policy never covers the tenant and or their belongings.
As the local rental market continues to tighten, many property managers are requiring each tenant or rental unit be covered by renters insurance and be a part of the lease agreement also to provide verification and its value to the landlord or property manager.
Renters who balk at paying renters insurance premium should take look at its advantages. First, renters insurance is cheap! Do some shopping; agencies can give quotes over the phone or on-line. Paying over $120 per year may be excessive unless your personal property is of high quality and volume.
Renter’s insurance policies can save big money in replacement costs if you are robbed, the rental floods damaging furniture, a fire and smoke or other damages. The policy should cover personal items replacement value, storage and hotel or other rental costs if you are required to vacate. Also the policy should cover damages finding you as the tenant at fault and is your responsibility for payment. This alone can save thousands in a legal battle.
For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/
Your Boise Property Management Rental Resource
View us on Merchant Circle @ http://www.merchantcircle.com/business/Mountain.Ridge.Property.Management.208-322-4228?utm_medium=phone&utm_source=code
As the local rental market continues to tighten, many property managers are requiring each tenant or rental unit be covered by renters insurance and be a part of the lease agreement also to provide verification and its value to the landlord or property manager.
Renters who balk at paying renters insurance premium should take look at its advantages. First, renters insurance is cheap! Do some shopping; agencies can give quotes over the phone or on-line. Paying over $120 per year may be excessive unless your personal property is of high quality and volume.
Renter’s insurance policies can save big money in replacement costs if you are robbed, the rental floods damaging furniture, a fire and smoke or other damages. The policy should cover personal items replacement value, storage and hotel or other rental costs if you are required to vacate. Also the policy should cover damages finding you as the tenant at fault and is your responsibility for payment. This alone can save thousands in a legal battle.
For additional information on this and other renting articles, please visit our web site at http://www.mrpmrentals.com/
Your Boise Property Management Rental Resource
View us on Merchant Circle @ http://www.merchantcircle.com/business/Mountain.Ridge.Property.Management.208-322-4228?utm_medium=phone&utm_source=code
