Required Renters Insurance Program Reviews
In this video, three property management companies talk about their residents' reactions to required renters insurance.
A common misconception in the multifamily industry today is that a renters insurance requirement may not sit well with prospective residents and may have a negative effect on a property's occupancy rate. The reality is that most properties that make renters insurance a requirement receive little to no pushback from residents.
Properties found that once residents understood the benefits and affordable cost, they quickly adopted comprehensive insurance policies to protect themselves. In addition, the properties reported that required renters insurance had no effect on their ability to maintain existing residents.
Learn more about the renters insurance program both residents and property management companies appreciate.