Renters Insurance Info
RENTERS INSURANCE: WHAT YOU NEED TO
KNOW ABOUT YOUR OPTIONS
We require that every resident have a renters liability insurance policy
with $100,000 in liability coverage that protects the building from damage in
the event of an accident. There are two
options available. Residents may obtain
a renters liability insurance policy from a third party insurance company, or residents
can opt into a building protection program through Resident Protect, the cost of which can be conveniently billed with your monthly rent
payment (they notify us when you sign up)!.
While not required, we highly recommend that residents get coverage for their personal belongings as well. None of us expect or want an unfortunate event to happen, but having coverage can protect a resident if something does occur that damages their belongings. Residents can obtain coverage for personal belongings through a third-party insurance company or through the Resident Protect Plus Plan.
What is the Resident
Protect Program?
There are two plan options The Resident
Protect Plan and the Resident Protect Plus Plan. See below for more details:
- Resident Protect
Plan: $12/month for a building protection
plan. If a resident opts into this plan,
in the event of an accident, Resident Protect will reimburse Landlord for the
costs of damage to its property for which Tenant would otherwise be responsible,
up to $100,000. While the Resident
Protect Plan is not insurance, if a resident opts into this program, they are
not required to obtain a renters liability insurance policy. The Resident Protect Plan will only reimburse
Landlord for damage and loss and does not provide any reimbursement to a
resident if personal belongings are damaged.
- Resident Protect
Plus Plan: $15/month for the same coverage as the
Resident Protect Plan, plus up to $10,000 for their personal belongings.
The charge for either plan will be included on your monthly statement so you will not receive a separate bill.
To sign up and Terms & Conditions of these plans go to www.residentprotect.com.
What if I prefer to get a
renters insurance policy?
That is completely fine! We are partnered
with Assurant for your renters insurance needs so if you sign up with them,
they will notify us. Contact Assurant at (855) 846-9278 or visit insuranceformyplace.com.
If you choose a different provider, you will need to provide us with proof of coverage.We require a minimum of $100,000 in liability coverage that we be listed as an interested additional interested party.
What if I do not want any
coverage?
Unfortunately, this is a requirement of
your lease. If you do not sign up for the Resident Protect Program or provide
proof of renters insurance, you will be automatically enrolled in the lowest-cost
option for the Resident Protect Plan.
How do I sign up?
Click the sign up button below and fill in the necessary
information. You will receive a confirmation email once you've submitted your information.