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Real Estate Residential Rental Property Tenant Insurance Renter Insurance
A 63-year-old Oklahoma woman had moved into her apartment and had been living in it for six months. About 3 weeks ago, she heard a huge noise. A pipe burst in the ceiling of her rented apartment, causing damage to her furniture and other household stuff. She has had to move out of her apartment.
She does not have tenant insurance aka renter insurance. She and her family are demanding the property management company to pay for damages. The property management company is not commenting on this case but did say that the property insurance will cover the damage to the property but not any harm to tenant’s property.
Who knows whether this could lead to unnecessary litigation a situation that could have been easily avoided?
Read story about this costly lesson learnt by this tenant by CLICKING HERE.
As posted in other blogs, landlord, property manager and property management companies can reduce their headaches after disaster by educating tenant about tenant insurance aka renter insurance. Read blog on how to do it.
This blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies is brought to you by SimplifyEm Pay Rent Online and Property Management Software
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Preventable Horror Story – Lesson from a Disaster for Tenant, Landlord, Property Manager, Property Management Company is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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- Tip for Property Managers, Landlords to Reduce Headache after Disaster Property Managers, Landlords and Property Management Companies can reduce their headaches after a disaster by educating tenants about their financial responsibility. Most tenants are not aware that if there is......
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