Protecting the Portfolio: The Renter’s Insurance Requirement

Many landlords mistakenly believe that their property insurance covers a tenant’s belongings or their personal liability. In reality, a tenant’s mistake (like an overflowing bathtub or a kitchen fire) can leave an owner holding the bill for the deductible and more. At Robert Hilton Realtor – Property Management, we require all residents to carry a Renter’s Insurance policy.

Our Insurance Enforcement Strategy

We make insurance a mandatory part of the leasing process:

• Minimum Liability Coverage: We require tenants to carry a minimum of $100,000 in liability coverage to protect the property from tenant-caused damage.

• Robert Hilton Realtor as "Interested Party": We are added to the policy so that if the tenant cancels their insurance, we are notified immediately.

• Asset Protection: Renter’s insurance covers the tenant's temporary housing if the property becomes uninhabitable, saving the landlord from potential "loss of use" claims.

Why Landlords Benefit

By partnering with us, you get:

• Deductible Protection: If a tenant causes damage, their insurance—not yours—is the first line of defense.

• Reduced Legal Friction: When a tenant’s personal items are damaged by a leak or fire, their insurance handles the claim, preventing them from looking to you for reimbursement.

• Higher Standards: Tenants who maintain insurance are typically more financially responsible and stable.

📞 Contact us today to learn how our insurance requirements safeguard your investment.