Requiring renters insurance will keep both you and your tenants covered! In fact, it could save you both thousands of dollars in property damage, lawsuits, and even your own insurance deductible!
TurboTenant makes it easy for you to communicate the requirement to your tenants and document proof of their policy. You both will sleep well at night, having the peace of mind that you're covered.
By default, all TurboTenant Landlord accounts are set up to automatically require renter's insurance. If you would like to turn this setting off or back on, you can see how to do so below!
How do you require renters insurance?
Step 1: Log in to your TurboTenant account and go to your Account > Settings page.
Step 2: Go to the Advanced page within your Account > Settings view. On the Advanced page, select the "Turn on Requirement" option.
Step 3: Read about how renters insurance works and select the option to require it.
What happens once you require renters insurance?
Once you turn on the requirement, TurboTenant makes it easy for you to actually get proof of their policy:
When you convert an applicant to a tenant, we’ll send an email to the renter letting them know you require renters insurance as part of the lease.
Your tenant is then prompted to provide proof of their policy within their TurboTenant account. They can choose any insurance provider they want, and simply upload their policy. They also have the option to purchase a policy for as low as $11/month through our partnership with SURE.
Once they provide proof of insurance, we’ll send you an email letting you know you’re covered. When they purchase through SURE, you’ll also be notified if their policy changes, is canceled, or expires. The policy details are available within 24 hours of their purchase!
How do I Turn the Renters Insurance Requirement Off?
If you no longer want the renters' insurance required setting, go to Account > Settings, click the Advanced page within your view, and select the "Turn Off Requirement" option within the Renters Insurance section. This will disable the requirement for all leases in your account.
Frequently Asked Questions:
Q: Can I turn off the renters insurance requirement for only one tenant?
A: No, at this time, the renters insurance setting is an account-wide setting. If you turn this off, your tenants can still purchase or upload insurance if required by their lease, but they will not receive automatic reminders or updates to make this purchase.
Q: Can I upload the renters insurance policy if my tenant sent it to me outside of TurboTenant?
A: Yes, you can upload proof of insurance for your renters if they sent this to you outside of TurboTenant. You can see how to do this here.