Renter's Insurance Becoming A Mandatory Standard Among Apartment Communities

Feb 12th, 2013

In this article from Affordable Housing Finance, Bendix Anderson discusses the growing standard of renter's insurance among property management companies. Renter's insurance can save property manager's thousands of dollars in property insurance deductibles, as well as cover the loss of the resident's personal property and the damage to the building. But, since all properties do not have the same requirements, asking a resident to pay an extra $15-$20 a month could very well drive them to other competitors in the marker. Check out the article here to learn more about the pros and cons of mandatory renter's insurance at an apartment complex.