When you move into a home, you’re not just renting a space; you’re creating a place for your life. That’s why renters insurance is an important part. It helps protect your personal belongings and can provide peace of mind in the event of an unexpected incident. We strongly suggest renters insurance for all of our residents.
During your onboarding time, after you sign your lease, you will have a task to complete your insurance. You will also get reminders about this task.
You have two options:
Bring your own renters insurance policy that meets our guidelines and upload it to your FolioSpace Online Portal. This is a great way to protect your personal belongings while also meeting your lease requirements.
Use the Liability to Landlord Insurance (LLI) for $15/month. This option provides $100,000 in coverage for the property itself, but it does not cover your personal belongings. It is NOT renters insurance and doesn’t protect your belongings.
You are automatically enrolled in the LLI until you upload a different policy. You can change/upgrade your policy at any time during your lease. Every person on the lease who is 18 or older must be insured. For example, if there are four individuals on the lease and only two upload their insurance policies, the $15 LLI be applied to the lease to cover the two without insurance.
Our goal is to ensure both you and the property are protected while keeping things easy and straightforward.
If you have any questions about your options, we’re always here to help.