New Renter Policy Form
Customer Details:
Full Name
*
First Name
Last Name
Rental Address
*
Street Address
Street Address Line 2
City
State / Province
Postal / Zip Code
Phone Number
*
Format: (000) 000-0000.
E-mail
*
example@example.com
Date Of Birth
*
-
Month
-
Day
Year
Date
Personal Property Coverage Amount Desired
Please Select
$25,000
$50,000
$75,000
$100,000 or more
Does not have to be exact amount, this is just for quoting purposes.
Required Coverage
This Addendum is attached to and becomes a part of the Residential Lease Agreement. For the duration of the Lease Agreement, Lessee is required to maintain and provide the follow minimum required insurance coverage: $100,000 Limit of Liability for Lessee's legal liability for damage to the landlord's property for no less than the following causes of loss: fire, smoke, explosion, backup or overflow of sewer, drain or sump, and water damage ("Required Insurance") Lessee is required to furnish Lessor with evidence of Required Insurance prior to occupancy of leased premises and at the time of each lease renewal period. If at any time the Lessee does not have Required Insurance, Lessee is in breach of the Lease Agreement and Lessor shall have, in addition to any other rights under the Lease Agreement, the right but not the obligation to purchase Required Insurance coverage and seek reimbursement from the Lessee for all costs and expenses associated with such purchase. Lessee may obtain Required Insurance from an insurance agent or insurance company Lessee's choice. if Lessee furnished evidence of such insurance and maintains the insurance for the duration of the Lease Agreement, then nothing more is required. If Lessee does not maintained Required Insurance, the insurance requirement of this Lease Agreement may be satisfied by the Lessor, who may schedule the Lessee's unit for coverage provide under The Landlord's required Resident Liability insurance policy ("LRRL"). The covered provided under the LRRL will provide the Required Insurance coverage listed above. An amount equal to the total cost of the Lessor for the LRRL coverage shall be charged to the Lessee by the Lessor. Some important points of this overage, which Lessee should understand are: 1. LRRL is designed to fulfill the insurance requirement of the Lease Agreement. Lessor is the Insurance under the LRRL. Lessee is not the insurance under the LRRL Policy. 2. LRRL coverage is not personal liability insurance or renters insurance. Lessor makes no representation that LRRL covers the Lessee's additional living expenses or liability arising out of bodily injury or property damage to any third party. If Lessee requires any of these coverages, the Lessee should contact an insurance agent or instance company of Lessee's choice 3. Coverage under the LRRL policy may be more expensive than the cost of Require Insurance by Lessee elsewhere. At any time, Lessee may contact an agent of their choice for insurance options to satisfy the Require Insurance Under this Lease Agreement. 4. The total cost to the Lessee for the LRRL coverage shall be at least nine dollars and fifty cents ($9.50) per month. Scheduling the LRRL policy is not mandatory and Lessee may purchase Required Insurance from an Insurance agent of insurance company of Lessee's choice at any time and coverage until he LRRL policy will be termination by the Lessor.
Submit
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