tenant insurance News

Poll Shows Renters Are Confused About Security and Insurance Coverage

Renters are not taking enough precautions to protect their property and valuables and may actually be alerting would-be burglars that their homes are unoccupied, a new survey finds. While fewer home renters (41%) posted news of their vacation on social …

Home Insurers, Agents Face Satisfaction Gap with Affluent Gen Y Customers

Overall, home insurers are performing better in customer satisfaction as they compete more on improving the customer experience than on price. However, there is one up-and-coming affluent consumer group — the Gen Y generation or those ages 22 to 39— …

Many Hispanic Renters Overestimate Cost of Insurance

Almost half (43 percent) of Hispanics without renters insurance think they cannot afford it but they overestimate the cost, a new survey shows. Eighty-eight percent of respondents in the Hispanic market survey by State Farm overestimate what a typical renters …

Arbella Expands Carpartment Insurance to Connecticut

The Arbella Insurance Group has expanded Carpartment insurance to Connecticut, via Bearingstar Insurance agents. Designed to help make renter’s insurance policies simpler and more affordable, Carpartment offers discounts to tenants who insure their cars with Arbella. According to Jim Hyatt, …

Capital Insurance Group to Offer Premium Credits for Apartment Buildings, Condos

Capital Insurance Group (CIG), a regional property and casualty insurer serving the Western U.S., has released three new 2 percent total premium credits for commercial apartment and condominium lines. The Stovetop Fire-Prevention Credit, Automatic Water Supply Line Flood-Prevention-Device Credit, and …

Markel Enhances Tenant Discrimination Policy

Markel has revamped its tenant discrimination policy for property owners and managers. The newly enhanced form now offers a number of new coverage features including: extended reporting periods, expanded definitions, and modified clauses and provisions. “As the real estate market …

F.I.D.O.’s Dog Bite Liability Insurance Fills Coverage Gap

When commercial lines insurance agent and dog owner Debbie Turner began to look into help for her difficult dog back in 2000, she had no idea that her journey would end up leading to a new personal lines insurance option. …

OSC Launches Tenant Protection Program for Rental Property Owners

OSC, an insurance and risk management services and products provider for large and small financial institutions, has launched a Tenant Policy Offering (TPO) protection program for owners of rental properties. TPO pairs job-loss/unemployment protection with tenant liability insurance coverage. The …