Jetty Protect is designed primarily to protect residents, but it also provides important protection for property managers. When your residents aren’t insured, you’re more vulnerable to lawsuits and financial losses.
A basic renters insurance policy protects your residents in four important ways:
- Contents coverage protects their belongings if they’re stolen or damaged due to a covered incident.
- Loss of use coverage can pay for temporary accommodations if their home becomes uninhabitable due to a covered peril.
- Liability coverage helps renters when they’re held financially responsible for an issue like a kitchen fire or injury to another person.
- Medical payments coverage offers financial assistance if a renter needs to cover someone else’s medical bills due to an incident in their home.
- The benefits of these kinds of coverage to the resident are clear. Resident policies can also help properties keep insurance premiums down and prevent potential lawsuits.