Is Renters Insurance Necessary?

  1. Yes, Renter's Insurance is required, per your lease. This will insure your personal property against theft or damage. 
  2. Your personal property is not covered or insured by IVProperties or the property owner in the case of plumbing leaks, water intrusion, fire, flooding, theft, etc.
  3. Renter's insurance is most often obtained through an existing insurance policy such as automobile or homeowner's insurance carried by your parent or guardian.
  4. Liability protection is also standard with most renters insurance policies. This means if someone in your unit slips and falls or gets hurt in some other manner, you're covered for any costs, including court costs, up to your policy's limit.