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 a fire, theft or other catastrophe, property owner does not have any financial responsibility.
Landlord policies do not cover the personal possessions of tenants and do not cover living expenses while the residential rental property is being repaired. This may seem like common sense to most property managers, landlords and property management companies but most tenants lack the knowledge about the responsibilities of a property owner after a disaster.
The only way that tenants can protect themselves financially against disasters is to buy tenant insurance, which is also called as renter’s insurance.
There are three kinds of tenant insurance:
- Personal Possessions
- Additional Living Expenses
Download the brochure about tenant insurance and email it to your tenants or print it and distribute it to your tenants and reduce your headache after a disaster. CLICK HERE