As more large investment firms and professional property management companies get involved in rental properties, more are requiring tenants to secure renters’ insurance. Some have gone so far as to “suggest” or “recommend” a provider. The question is, should you get your renters’ insurance through your property manager? Are there any benefits to doing so?
Clicking on a button on your leasing agent or property manager’s website to secure renters’ insurance may seem to be simple and convenient. But there may be a price to pay for that convenience. You may not get the coverage you deserve at a price that is comfortable for your budget. There are reasons you should secure renters’ insurance on your own.
Shopping for your own renters’ insurance policy keeps you in control. You decide the limits, coverage, and deductibles. You will also likely have more options to suit your budget.
When you make the decision on your renters’ insurance, you may qualify for a bundle discount with your auto insurance provider.
When you purchase your renters’ insurance individually, you are purchasing protection that works for you, not just your current landlord or property manager. This includes a variety of add-ons to cover personal electronic devices, coverage while traveling, and liability.
If you rent where you live, renters’ insurance is a good idea to protect your personal belongings and cover you for liability claims. Perhaps best of all, renters’ insurance is very affordable. We invite you to see just how affordable it can be for yourself.
If you are looking at renters’ insurance options, we encourage you to reach out to one of our independent insurance agents. They will connect with a network of companies to get you the coverage you deserve at a premium you can feel comfortable with. Securing renters’ insurance is prudent, but getting it through your landlord or property manager may not be. Contact our independent agents today.