Why Renters Insurance Is

Important Many tenants assume they don’t need insurance because they don’t own the property

—but that’s a common misconception.

The truth is, the property owner’s insurance policy does not cover your personal

belongings or protect you from personal liability. If something unexpected happens—

like a fire, theft, or accident—you could be responsible for replacing your belongings or

covering damages out of pocket.

That’s why renters insurance is not just recommended—it’s an essential part of

protecting yourself.

What Renters Insurance Covers

A renters insurance policy is designed specifically for tenants and typically provides

protection for:

Personal Property – Furniture, electronics, clothing, and other belongings

Liability Coverage – Protection if someone is injured in your rental or you accidentally

cause damage

Additional Living Expenses – Helps cover temporary housing if your rental becomes

uninhabitable

Most policies cover events such as:

Fire

Theft

Windstorms

Hail

Vandalism

Some events, like floods and earthquakes, may require additional coverage or

endorsements. A licensed insurance agent can help you choose the right policy based

on your needs.

Coverage Requirements

At Realsource Property Management, we require all tenants to maintain a renters

insurance policy with a minimum of:

– $100,000 in liability coverage

This ensures you are protected financially in the event of an accident or unexpected

loss.

Tips for Getting Coverage

Check with your current auto insurance provider—many offer bundle discounts

Compare coverage limits to match the value of your belongings

Work with a licensed insurance agent to find the best policy for your situation

Renters insurance is typically very affordable and provides significant peace of mind.

Important Policy Requirement

Please be sure to list Realsource Property Management as an “Interested Party” on

your policy. This allows us to receive important updates regarding your coverage status.

Easy Enrollment

For your convenience, renters insurance is available for purchase directly through your

Tenant Portal after signing your lease.

Questions?

If you have any questions about renters insurance requirements or need assistance,

our team is here to help in any way.

Call us at 407-298-9777