Do I Need Renter's Insurance? Some of our homes require tenants to have renter's insurance. Renter's insurance is going to cover your personal belongings and liabilities. Renter's insurance is actually very affordable and averages to about $15 a month. Esurance.com estimates that the average renter owns about $20,000 in personal property. Renter's insurance will help cover that personal property is damaged by numerous reasons. Renter's insurance will usually cover your personal property that is damaged from:

• Fire
• Smoke
• Theft
• Vandalism
• Windstorm or hail
• Damage from water or steam from household appliances, plumbing, heating, A/C or sprinkler systems.

Renter's insurance also includes liability coverage. This can give you protection is someone is hurt while in the home. It will also pay any court judgement.

What If The Home I'm Renting Requires Renter's Insurance?

If you are approved for a home that requires you to have renter's insurance, you will need to provide personal liability coverage in an amount of $100,000 and personal property coverage in an amount of $10,000. The insurance company who is issuing the certificate of insurance will need to include the names of all residents listed on the lease. Or roommates can provide their own coverage if they opt to not all go on one policy.

If is the tenants responsibility to keep their policy active and be able to provide proof quarterly.Proof of insurance is required before move in. If we do not have proof of insurance, keys will not be handed over.