Renter's Insurance

For your safety as well as ours, Ramshaw Real Estate requires that all tenants have an active Renter’s Insurance policy while leasing with us. A minimum of $100,000 liability insurance is required and the policy may be purchased through any licensed insurance company. Tenants are asked to bring (or email) a copy of their Renter’s Insurance policy when a lease is signed or at the latest, when picking up keys at move in.

Tenants that do not provide proof of insurance will be automatically enrolled in our legal liability insurance program for a total of $12.50/month starting the first month of the lease. This policy does not cover the tenants’ personal belongings. At any point during the lease term, tenants may provide proof of insurance and the monthly charge will be dismissed.

More information about insurance and the legal responsibilities of the Lessor and Lessee(s) can be found in your lease.

 

LEGAL LIABILITY TO LANDLORD INSURANCE

What You Need to Know

As a condition of our lease, we require all residents to carry liability insurance ($100,000) for damage to the landlord’s property during the term of their lease.

To satisfy this lease requirement you have two options:

Option 1: Sign up for Renters Insurance and provide proof of coverage.

Having renters Insurance not only meets your lease requirement, it also protects your personal belongings from theft or damage. If you do not currently have renters insurance, consider looking into a policy with your auto insurance provider for multi-line discounts.

Option 2:  You will be automatically enrolled in Legal Liability to Landlord Insurance Program, if no proof is provided.

This is an easy and low cost way to meet your lease requirement, but does not cover your personal belongings. You pay the monthly premium together with rent.

Legal Liability to Landlord Insurance Program Details

POLICY COVERAGE:

$100,000 Legal Liability for damage to Landlord’s property.

The coverage provided by our legal liability to landlord program meets the minimum requirements of the lease. The policy covers only your legal liability for damage to the landlord’s property (covered losses include fire, smoke, explosion, water damage, backup or overflow of sewer, drain or sump, falling objects, riot, or civil commotion) up to $100,000.

The policy is not personal liability insurance or renters insurance. The policy does not cover any of your personal belongs, additional living expenses, or liability arising out of bodily injury or property damage to any third party. If you require any of this coverage, you should contact an insurance agent or insurance company of your choice and sign up for a Renters Insurance Policy.

POLICY DETAILS

All Claims should be reported to the Property Management Company.

Our legal liability to landlord insurance policy is provided by Great American E&S Insurance Company.

For complete details visit: http://www.appfolio.com/notice-of-insurance

PLEASE NOTE:

You are under no obligation to participate in our legal liability to landlord insurance program.

You may satisfy the lease requirement by obtaining a personal renters insurance or liability insurance policy from an insurance agent or insurance  company  of your choice and providing proof of coverage (a copy of the declarations page) for the duration of your lease.

Having renters Insurance not only meets your lease requirement, it also protects your personal belongings from theft or damage. If you do not currently have renters insurance, consider looking into a policy with your auto insurance provider for multi-line discount

 

Renter’s Insurance Upload

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Questions? We’re happy to help!
Contact a member of our Leasing team today at leasing@ramshaw.com or 217-359-6400