What can you do if a renter cancels his/her policy or fails to renew it -- leaving you with little resourse to repair resident-inflicted property damage? Here's your safety net: A supplemental insurance program allows the property management company to put insurance in place for a unit as protection from losses due to resident negligence when a renter has not met the insurance requirement in the lease agreement. Read more at Property Management Insider online.
Monday, October 10, 2011
A Property Manager's Safety Net From Uninsured Residents
What can you do if a renter cancels his/her policy or fails to renew it -- leaving you with little resourse to repair resident-inflicted property damage? Here's your safety net: A supplemental insurance program allows the property management company to put insurance in place for a unit as protection from losses due to resident negligence when a renter has not met the insurance requirement in the lease agreement. Read more at Property Management Insider online.
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