Property owners and managers overlook the concealed risk of uninsured residents by not making insurance a requirement for community residency. Uninsured residents are not only a financial risk to owners, they are a liability also. Your management team works tirelessly to see that your residents have a safe, pleasant place to live. Market insurance conditions have led many multifamily community firms to assume significant amounts of risk in order to prudently manage their insurance costs. However, due to accidents caused by negligence, every year,owners pay millions of dollars in unnecessary premiums simply because residents are not required to carry property liability insurance. Owners have several stated reasons for bearing the risk, including cost, convenience, market competition, and control. Renters Legal Liability ^TM Insurance is the best product to answer these concerns.

Time and again, property owners needlessly pay for resident-caused damages due to FIRE, SMOKE, EXPLOSION, ACCIDENTAL WATER DISCHARGE and SEWER BACKUP. Inevitably, the owner's overall costs increase — and profits decrease. Renters liability insurance transfers the liability for resident-caused accidents from the property owner to the resident by covering the cost of such losses below the the owner's property insurance deductible or retained risk.

No wonder rental property owners now look to Renters Legal Liability™ Insurance for a solution. Renters Legal Liability™ Insurance protects you, the owner, from residents’ negligent acts — and at no cost to you. It is a convenient, focused solution that helps you recoup costly losses.

Are you transferring the risk to those responsible?
Do you have liability coverage for residents' negligence?
Contact us today at info@rllinsure.com or 800.770.9660 and let us show you how our program can protect you, your resident and your investment.