Re: Do you supply renters insurance?

Re: Do you supply renters insurance? by Jake on June 23, 2012 @08:41

"The only risk this way is if the tenant neglects to get a policy- who are they going to go after if disaster strikes?"

The tenant will get the keys when a policy is produced. If you pay the premium you should add it to the rent. Pay directly to the insurance company. Do not filter it through the tenant.

[ Reply ] [ Return to forum ]

Re: Do you supply renters insurance? by LeisureSuitLara (GA) on June 23, 2012 @10:03	[ Reply ]

How much mothering does a tenant require?! I've looked at insurance company websites and I haven't found one that lets the landlord purchase it on behalf of the tenant. It looks like a contract between the renter and the insurance provider, not the landlord. I have no problem requiring proof they have the insurance, but doing the work for them is micro-managing and no one likes a micro-manager.

Re: Do you supply renters insurance? by Micah on June 23, 2012 @10:50	[ Reply ]

It is through the tenant, technically... I give a policy to my tenants at the lease signing. It's in their name, they sign for it, but I pay for it. It only costs me $160 a year per apartment and I build that cost into the rent. Just a little peace of mind for both me and my tenants. I advertise the place as coming with free renters insurance... Most tenants have no idea how cheap it really is.

Re: Do you supply renters insurance? by Nicole (PA) on June 24, 2012 @11:55	[ Reply ]

curious as to this process. here, the application asks all sorts of questions I could never answer on behalf of someone I don't know.

Re: Do you supply renters insurance?

Re: Do you supply renters insurance? by Jake on June 23, 2012 @11:44	[ Reply ]

"How much mothering does a tenant require?" How much? Lots. We all understand that renters are different from home owners.