Tag: renters insurance

Working from Home

When to update policies

In 2017, only 5.2% of Americans consistently worked from home. This summer, more than 51% of employed Americans transitioned to remote work environments. This means more time, tasks and responsibilities at home– and necessary updates to their renters insurance policies. Not sure if you need to update your policy? Check out the scenarios below to […]

News

Looking at Liability

Protecting your property

As public health restrictions lift, many homes are welcoming loved ones, guests and clients again. The influx of visitors may have you second guessing your renters insurance policy. If you’ve wondered if you’re liable for COVID-19 transmitted while in your rental, read on. What is the “liability” part of your renters policy? Liability insurance is […]

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7 Benefits

Required Renters Insurance

Still letting your renters choose if they want to purchase renters insurance? You’re likely wasting money and putting your property and its owners at risk. We’ve identified seven benefits of required renters insurance that can help property managers save money, protect the property, and keep owners happy. When you require renters insurance from your residents, […]

insuring solar panels in multifamily housing

Technology

CA’s New Solar Panel Law

Savings + Risks

Not long ago, California became the first state to require that all new homes have solar power: single-family and multifamily properties alike. The rule is part of the state’s commitment to cut greenhouse gases. It will go into effect in the next two years. Under the new law, developers must either equip individual homes with […]

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Insurance Updates

ResidentShield Protection Plan

Required renters insurance is widely considered a best practice for multifamily managers to reduce property risk and protect asset value. ResidentShield Protection Plan works seamlessly with Yardi Voyager, with easy online signup for residents and automated program monitoring for property managers. It also offers coverage options to residents for their personal possessions. Read on for […]

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Better Protection

Requiring Renters Insurance

Think your landlord insurance is enough? Think again. Recent studies examined renters insurance practices at property management companies throughout the Unites States. Those reports suggest that 45 percent of property managers do not offer insurance to their tenants. Only 25 percent of property managers require their renters to purchase insurance at every property in their […]

News

Requiring Renters Insurance

Preventing property loss

It takes more than just cash on hand for first month’s rent and deposit, good credit and an acceptable background check to move into your next apartment these days. Multifamily properties are now frequently requiring new renters to provide proof of renters insurance, too. A recent article from Multi-Housing News focused on the reasons why […]