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Available solutions work in tandem with property management systems to provide apartment operators with full awareness of resident compliance.

Renter’s Insurance Policy Raises Questions I’ve recently become aware that some Massachusetts landlords are requiring that tenants procure their own policy of renter’s insurance as a condition of leasing.

The adoption of mandatory renters insurance into lease agreements has helped apartments better safeguard their assets and put responsibility on the resident.

Full compliance pays great dividends not only for the property, but also for residents.

Most major insurance companies carry renter's insurance policies with a range of rates and deductibles.Understanding more about renter's insurance and whether your landlord can legally require you to carry a policy will help you make an informed decision about renting.Fire, smoke, water leaks, theft and vandalism can damage your personal property.However, that is not nearly enough for the average renter. Has your landlord required that you purchase renter’s insurance?

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“(Residents) come to the leasing office, they offer you a declaration page from an insurance provider showing they meet the lease requirement, they move in, and two days later they call their insurance company and cancel,” says Jay Stoltz, Leasing Desk Insurance’s Director of Market Development. That very scenario is commonplace throughout our industry.” Maximizing compliance at your communities is the ultimate objective and may prove to offer perks from your commercial carrier.

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