5 REASONS YOUR LEASE NEEDS RENTER’S INSURANCE

Even if renter’s insurance isn’t mandatory in your state, you should consider making it a condition in all of your leases.

Here are five reasons why.

It protects you from lawsuits. Tenants with insurance are less likely to seek damages from landlords.

When you are dealing with your own damage, renter’s insurance gives tenants a way to recoup their losses.

It helps screen tenants. If a tenant refuses to sign up for insurance, perhaps they cannot afford the property.

Renter’s insurance typically has a much lower threshold than homeowners insurance.

It reduces bickering and bad blood. Having a responsible third party will make you and your tenants allies.

Buildium can help you create a bullet-proof, end-to-end leasing experience—including Renter’s Insurance.

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