Once in a while, we’ll see someone who thinks he’s going to pull one over on his property management. While the odds of success vary depending how the property managers track renters insurance compliance, they’re generally pretty low.
You signed the lease with a renters insurance clause in it, so you’re obligated to abide by it. In at least one state, you’re well advised to get renters insurance because standard lease agreements force you to waive your statutory protections against being held responsible for damages to the apartment.
So after all that, you still want to know, how can I avoid getting renters insurance if my landlord requires renters insurance? There may yet be a way. Effective Coverage offers a program called Renters Liability Pro. Instead of you carrying renters insurance to cover potential negligent damage to the apartment and your neighbors, you pay a small monthly fee, due and payable as additional rent. That fee provides you no coverage, but your property management agrees to waive (in consideration of the monthly fee) their right to pursue damages in certain situations.
For some people, wondering how can I avoid getting renters insurance if my landlord requires renters insurance might be a reasonable solution. By paying for the waiver, you might save a few dollars, and you don’t feel as if you’re being compelled to take a product you don’t want. Just remember, Renters Liability Pro and similar programs provide no coverage whatsoever.
You shouldn’t be focusing on how can I avoid getting renters insurance. You should be focusing on what renters insurance does for you. In addition to the liability coverage your property management mandates, renters insurance also provides coverage for your personal property against fire, theft, vandalism, and other common perils. Loss of use coverage is included as well. That simply means that additional living expenses can be covered if an otherwise covered loss prevents you from using your residence.
Contact Effective Coverage at (800) 892-4308 today to see if your property participates in Renters Liability Pro, to get an online renters insurance quote, or to find out how can I avoid getting renters insurance if my landlord requires renters insurance!