Silver Bay Homes Renters Insurance

Silver Bay homes is a national manager of residential real estate that acquires, renovates, manages, and maintains single family homes. With strict standards in place for the renovation and maintenance of these homes, you can be sure that you’ll be living in the best home available.

Why Would You Rent A Single Family Home From Silver Bay?

Renting a single family home gets you the freedom and privacy that type of living brings, without the thirty year mortgage. In many cases, you also get the amenities that come with an HOA. In addition, these homes are frequently new construction homes in developments, so you get all the benefits of being a new homeowner without being tied down.

Are you in the military and expecting to have to move eventually? Silver Bay Homes are a great way to settle down and start raising a family even though you know that in a few years you’ll be somewhere else. Sure, you could buy a home, but the old rule of thumb still applies: If you buy a home and hold it for less than five years, you’ll lose money. Probably a lot of money!

Perhaps you’re moving across the country to take a job, and you want to ensure that you have a place to live without committing to a mortgage until you know the area and your commute a little bit better. Spend a year in a Silver Bay Home and you’ll know the lay of the land and be able to consider buying down the road.

What Do I Get With A Silver Bay Home?

Silver Bay Homes include everything that you’d expect in a single family residence. They’re well-maintained, pet-friendly, and often accessible (varies by home). But there’s so much more than that.

You get the sense of peace and pride that your own home brings, without being tied down to a thirty year mortgage. Unlike in a home you own, the maintenance you’re responsible for is quite limited. You’re expected to keep the grass mowed, of course, but beyond that most things that can go wrong with a home are issues that can be handled by maintenance.

That gives you peace of mind and lets you enjoy living in your new home, without the stress that owning it can cause. By the same token, perhaps you’re getting older and don’t want to deal with actual home repairs, but you have no desire to move into an apartment. You still want the space and freedom that a single family home rental provides. Silver Bay Management offers the perfect solution for you.

How Do I Know I Can Trust My Neighbors?

A single family home rented from Silver Bay is generally surrounded by people who own their homes and who have a great deal of pride in those homes. In addition, there’s often an HOA that takes care of the neighborhood. All residents are thoroughly vetted by Silver Bay.

You’re living in a development surrounded by people who care about their homes and their neighborhood. It’s the perfect scenario to raise kids in a place where you can let them run around the back yard because you know who lives next door and trust them.

Why Is Silver Bay Homes Renters Insurance Required?

The company states that “Renters insurance is required with a minimum coverage of $100,000 in liability and property damage for loss, theft, damage, or destruction of any personal property owned.” While that lease clause is a bit more specific than some, there’s an excellent reason for it.

The first part of the Silver Bay Homes renters insurance requirement ensures that you have $100,000 of liability. This simply means that if you cause bodily injury or property damage to someone else through your negligence, there’s coverage. This could be a kitchen fire in your home, that’s the most common example. But liability can cover you in other ways as well.

If you’re enjoying your backyard and having a cookout and inviting the neighbors to get to know them, you’re assuming that your yard is safe for that many people. If, however, someone steps in a hole that you didn’t know was there and twists their ankle, they could sue you because you “knew or should have known” about the hole. Considering you’ve been living there 24 hours, you might reasonably not have known…

But anyone can sue anyone for anything. Not only could you be responsible for those medical bills, which the liability coverage on your Silver Bay Homes renters insurance would take care of, but you’re also responsible for the cost of defending yourself. Renters insurance takes care of that, as well. If a claim or a suit is brought against you for something the policy could respond to, the insurance company provides a defense so that you don’t have to do so out of your own pocket!

As far as “….destruction of any personal property owned,” Silver Bay Homes renters insurance is intended to help make sure that your stay in the home is a pleasant one. If there’s a fire, a theft, or another type of covered loss to your property, the insurance policy will replace it at replacement cost.

The landlord is not, and never will be, responsible for your personal property. Only you are responsible for the things you own. With that in mind, it makes perfect sense for the company to require that you carry insurance for your things. That way there’s no question as to who is responsible or how those things will be replaced.

Silver Bay Homes renters insurance is more affordable than you think, as well. The average price of renters insurance nationwide is just fifteen dollars a month. In some parts of the country, a policy might average twenty dollars a month. This is not a burdensome expense, and the policy protects your future.

To find out more about how to get covered, and how affordable it is, you can call (800)892-4308 or click below for local Silver Bay Homes renters insurance in your area. Purchasing a policy online takes just sixty seconds, and it’s one of the most affordable ways to protect your family.