Do My Residents Need Renters Insurance?

Rental insurance adds an extra layer of security by helping cover damages that may occur during a resident’s stay, especially in situations that fall outside of standard maintenance or typical resident responsibility. It’s one more way we help reduce risk and protect your asset.

At Pros PM, we require all residents to have, at a minimum, $100,000 of liability protection to help protect your assets.  We partner with LeaseGuard to ensure this is followed through one of the following options:

• Provide their own renters’ insurance policy that meets our requirements and upload it to their account. This option protects both your property and their personal belongings, as per their policy.

• Enroll in LeaseGuard’s waiver program for $20/month. This provides $100,000 in coverage toward your property, though it does not cover the resident’s personal belongings. Residents are automatically enrolled in this option if they do not upload a separate policy. Liability coverage is important for damages resulting from the resident's negligence. Depending on the specifics of the policy, it can provide the resident with protection if someone is injured at their rented home or apartment. But we always want to encourage them to get a full renters’ insurance policy.

For owners looking for even more protection, additional coverage per door is available through Surevestor.

Our goal is simple: to ensure your property is protected from multiple angles without adding complexity to your ownership experience.

If you ever want to walk through your coverage options, we’re always happy to talk it through.