Property Management Blog

Portsmouth VA property management renters' Insurance can help tenants protect their valuables including jewelry, furnishings, appliances and computers etc. Often renters make the mistake of assuming that management's insurance policy covers these items. The fact is that: insurance policies of the management company or the owners only cover the building proper and not the belongings of the tenants. Hence, renters in the area must act quickly in order to help get desired protection against hail, rain, snow, storms, lightning damage, fire, winds, vandalism and electrical surges etc. A quick call to the insurance agents can help explain various terms that are used in these matters. One such term that renters often do not comprehend is 'named perils'. These include vandalism coverage as well as for damages caused by adverse weather conditions. One must carefully analyze such insurance converges and deductions in above matters. Any of these aforementioned crises can cause renters to change their residence temporarily or permanently. This can cause a great deal of financial burden to many, for example, to college students living on limited incomes etc. Insurance is also important for a single parent living in a rented condo after a divorce or for senior citizens living in an assisted facility. Renters must accordingly choose their policy coverage that best suits their income, needs, lifestyle and budget.