Property Managers Can Check Renters Insurance Coverage via Internet

By Teresa O’Dea HeinAtlanta–A Web-based insurance confirmation system enables property managers to quickly verify the status of their residents’ required coverage. Assurant Specialty Property, a provider of renters insurance programs to the multifamily industry, recently launched this service through VerifyIns.To access the service, property managers and leasing consultants log in into aspecial database via an…

By Teresa O’Dea HeinAtlanta–A Web-based insurance confirmation system enables property managers to quickly verify the status of their residents’ required coverage. Assurant Specialty Property, a provider of renters insurance programs to the multifamily industry, recently launched this service through VerifyIns.To access the service, property managers and leasing consultants log in into aspecial database via an external URL. This process allows property managersto quickly verify whether residents are complying with the insurancerequirement for the duration of their lease agreements.Steve Hein, vice president for national sales at Assurant Specialty Property,says this tool helps property managers avoid exposure to claims involvinguninsured residents. “If, by chance, a resident causes a fire that damagesthe unit and they lack proper coverage, the property will have to relyon its commercial insurance to cover the damages.”The new system is part of a company initiative to enhance the Web capabilities ofthe renters insurance program. Assurant Specialty Property recentlyre-designed its renters insurance Web site,www.assurantrentersinsurance.com. Access to VerifyIns is also available throughthat URL.