The Benefits of E-Renters Insurance!

August 5, 2019 01:19 PM
_ApartmentHacks__Benefits_Of_Renters_Insurance
e-Renters Insurance
© 

Grady Management has taken steps to ensure your property by requiring liability insurance from residents. Requiring renter's insurance protects residents. They will have the opportunity to purchase personal property coverage. With eRenterPlan, residents will have a continuous policy, options for additional overages, a variety of payment methods and payment frequency options.

Benefits: The benefits of eRenters Insurance include:
 

  • Same day coverage-less than 3 minutes after you sign up.
  • Up to 5 roommates can be included on 1 policy at no additional charge. 
  • There are no rate increases once you file a claim. 
  • Cover water damage to resident's unit and all other impacted units.
  • Replacement cost value. 
  • Theft (forces entry not required)
  • Premiums are by state (or territories within state), not individual 
  • No credit checks. 



Real life scenarios: Life happens every so often. It is imperative that residents purchase an eRenters insurance policy in case one of these events happen to you. Here are are list of events that can occur where renters insurance would prevail.
 

Resident overflows a toilet or breaks a pipe in their apartment and floods their own unit and multiple other apartments in their building.  Apartment owner and other residents sue them for damages.
Solution:  Purchase renters insurance with liability insurance in an amount that will cover them for other people’s damages and any legal fees they will incur defending such claims.
 
Resident’s children while engaged in a pillow fight, break a sprinkler head in the ceiling and their unit and multiple other apartments in the building are flooded. Apartment owner and other residents sue them for damages.
 
Solution:  Purchase renters insurance with liability insurance in an amount that will cover them for other people’s damages and any legal fees they will incur defending such claims.
 
Resident causes a fire that destroys their own apartment and multiple apartments in their building.  Apartment owner and other residents sue them for damages.
 
Solution:  Purchase renters insurance with liability insurance in an amount that will cover them for other people’s damages and any legal fees they will incur defending such claims.
 
Harsh storms cause drainage ditches to overflow and water and sewage enters apartment and damages personal belongings. Apartment owner will not reimburse for damages to personal property.
 
Solution:  Purchase renters insurance with a flood insurance rider to cover seepage of underground water and sewage to reimburse for damages to personal property. Flood insurance may not be available through ERenters insurance program. Flood insurance may have to be obtained from another insurance carrier.
 
Resident returns home to find their apartment has been broken into and their personal property has been stolen and/or vandalized.
 
Solution:  Purchase renters insurance to cover their stolen and/or vandalized possessions.  Note:  Jewelry or high priced items must be itemized and listed with insurance carrier.
 

Need additional help with eRenters Insursance? Call our 24 hour/7 days a week service number (888)-205-8118 or log on to https://www.erenterplan.com/Home/index

 

How do you make the most of your apartment community?  Let us know in the comments!

Apartment Resident #LifeHacks was created in 2018 by Grady Management, Inc.  Grady Management was founded in 1965 and continues to provide a full service residential, commercial, and consulting real estate firm in the greater Washington and Baltimore metropolitan area.  Learn more from our website or Facebook page.

 

Back

 

web_sidebar_2_2016
web_sidebar_3350_4_2016
web_sidebar_arden_3_2016
 

Equal_housing_opportunity  Exceptional People. Exceptional Communities.  apt_top_rated_2017-300x300  

 
close (X)