Renting a home involves more than applying, getting approved, and moving in. There are other responsibilities you need to take care of, including acquiring rental insurance. Rental insurance ensures your personal belongings are protected in unforeseen incidents, such as theft, inclement weather, and other destructive scenarios.
But what are the next steps after getting rental insurance? Typically, your landlord will ask for proof that you’re insured and have the appropriate coverage. Regardless of whether your landlord asks for a $30,000 or $300,000 coverage policy, here’s how to ensure your rental insurance is active and valid.
What Is Proof of Insurance?
Renter’s insurance is essential when moving into a rental property. Like home insurance, renter’s insurance protects all your belongings, whether you’re home or not, and protects you from unexpected events. Showing proof to your landlord will help you both sleep better at night, knowing that your items are covered.
Proof of renters insurance refers to showing your landlord that you are insured. This could be through email or handing them a physical copy of your policy. The proof of insurance will show that your coverage is active and will detail any additional coverage. However, it’s important to verify with your property manager or landlord how much coverage they require from tenants.
Why Do I Need Proof of Insurance?
If you were to get pulled over by a cop, do you think they would require proof of your insurance card or simply take your word that you have it? Proof of renter’s insurance is concrete proof that you’re insured and aren’t lying to get by and move in.
This proof of insurance will prove to your property manager or landlord that you signed up for the required rental insurance outlined in the leasing agreement. Some landlords may be satisfied with verbal proof, but some would rather have physical or digital evidence.
Ways To Show Your Insurance Is Active
Upload a Digital File
Some insurance companies have the option to download a copy of your policy. You can download it and email the policy to your property manager or landlord if applicable. However, not all insurance companies offer this, and most landlords ask for a physical copy.
Make a Copy of Your Policy’s Declarations
You can ensure your rental insurance is active by printing out a copy of your policy’s declarations page. The declarations page includes your name, address, and information about your policy, including the coverage amount and whether your policy is active.
This is an easier way to show your landlord that you are actively covered and have the required amount of coverage.
Ask Your Insurer To Confirm With Your Landlord
The easiest way to ensure your rental insurance is active is by making a phone call and confirming your coverage with the insurance company. After purchasing your policy, you can request that your insurance company send proof to your landlord. You can also add your landlord as an interested party so that they know when you make changes to your policy or when the coverage becomes inactive.