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Damage to the apartment or community caused by a Resident, even when it
is an accident, is the financial responsibility of that Resident, not the
landlord. Accidents including, but not limited to, bathtubs overflowing,
kitchen fires or damage to the common area can create significant financial
hardship for Residents. That is why liability insurance coverage is required.
All residents are required to procure and to maintain liability insurance
with at a minimum coverage level of $25,000. The Resident is also required
to obtain contents coverage of at least $15,000 under their lease. The
insurance must name the landlord as loss payee, and additional interested
party for the purpose of notification of cancellation or modification of
the insurance coverage on the contents and liability.
For the convenience of the resident, content and liability insurance
may be included in the monthly rent through an insurance carrier who
has contracted with The Quaker Group. If the resident chooses to
obtain contents and liability insurance through another source, the
declaration page of the policy must be submitted to the Management
Office upon lease renewal.
Please refer to the Insurance section of your lease for further
information, or contact the Management Office with questions
concerning the required insurance coverage.
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