Renters Insurance

ARE Management (“management”) strongly advises that all residents get Renters Insurance coverage. Management’s insurance only covers the building and general liability.

You, as the resident, should obtain Renters Insurance if you want to have your personal property insured. Management’s insurance does *not* cover your personal property. Each resident is responsible for the safe keeping of the property owners contents. This would include all but is not limited to appliances, fixtures, doors, windows, etc.

Here is an example: You come home to find that someone has broken into your apartment. In the process, the offenders damage the door and/or window. You call the police. When they arrive, they check to see if it is safe for you to enter. Once cleared you enter your home to find that some of your property *and* some of the property owner’s property is missing. A stove that belonged to the property owner has been taken. You file a police report for ALL the items missing and the police officer provides you with a case/file number. You then contact Management to notify them of the crime, damages and loss of property. You, the resident, are responsible for the repair or replacement of the door, the window and the replacement of the your missing property and that of the owner (in this example, the stove). If you have Renters Insurance, you are covered and you would file a claim with your insurance provider and work with them on how to replace the items needed.

Contact your auto insurance company and ask if they provide Renters Insurance. Most do and many companies offer a discount when you bundle your auto and Renters Insurance coverage together.