Raise your deductible A deductible is the amount of money that you are responsible for paying toward an insured loss. The higher your deductible, the more money you can save on your premium, so if you can pay above the minimum $500 or $1,000 deductible, for example, you may reduce the cost of your homeowners […]
Tag: Landlord Insurance
How Landlords Can Benefit from Requiring Renters Insurance
Renters insurance, typically seen as a safeguard for tenants, holds significant advantages for landlords as well. Surprisingly, by mandating renters insurance, landlords enhance their property protection while minimizing potential liabilities. Despite its numerous advantages, only a meager 37% of renters opt for insurance coverage, prompting many landlords to make it a requirement. Here’s a comprehensive look at why and how landlords can integrate renters insurance into their leasing agreements.