Renter’s insurance provides coverage for a policy holder’s belongings and liability within the rental property. Renter’s insurance applies to persons renting a home or apartment. The policy protects against losses to the tenant’s personal property (due to any sort of event: theft, fire, water leak, etc) within the rental property. In addition the renter’s insurance policy protects against losses resulting from liability claims, such as injuries occurring on the premises that are the liability of the renter.
HOMESPOT Properties requires all tenants to carry an active Renter’s Insurance policy.
We have several local insurance agencies that can help you out, or you can purchase it online through your tenant portal and have all your information in one place. Another common source is through your car insurance provider. If you have any questions, please do not hesitate to contact our office.
The only requirement HOMESPOT has in an insurance policy is that it the policy has $100,000 personal liability coverage. All choices of personal belonging coverage and medical payments are up to you! The traditional renter’s insurance will generally run anywhere between $10-$20 per month. It is a small investment that can save you a lot of money should something happen.