Resident Liability Policy Now Available Through RegistryTLC Renters Insurance Program
- May 12, 2009
By Anuradha Kher, Online News EditorRockville, Md.–First Advantage SafeRent recently launched a new Resident Liability Policy as part of the RegistryTLC renters insurance program. This low-cost policy is designed to help residents get the coverage they need to comply with their lease provisions at a time when many residents are experiencing economic challenges. Through a secure Web site, residents can enroll and provide payment in just minutes without any leasing staff involvement. Resident liability insurance covers the resident for specified types of property damage or bodily injury they could potentially cause to the apartment community or to other residents. This type of coverage is often an important part of the lease requirement because damage or injury caused by a resident is usually the financial responsibility of the resident, not the property owner. With the availability of the Resident Liability Policy, residents now have an even more affordable way to comply with this landlord lease requirement. “Renters insurance becomes particularly important during times when everyone is paying close attention to expenses,” says Nevel DeHart, executive vice president for First Advantage SafeRent and Multifamily Community Insurance Agency. “If a resident has a covered incident that causes damage to the apartment, renters insurance provides coverage instead of the resident facing a potentially large out-of-pocket expense. The Resident Liability Policy will provide residents with a most affordable insurance option for complying with their lease requirements.” Along with the new Resident Liability Policy, First Advantage SafeRent is also introducing the option for monthly payments by credit card.