Friday, July 14, 2006

Real Estate Insurance: Owners Save Almost 80 % in Tenant-Caused Damages

Real Estate insurance news:

"Multifamily property owners who enforce renter's insurance as a condition of residency effectively reduce financial expenditures related to resident-caused damage by nearly 80 percent (79%)," according to the findings of a new national survey commissioned by an insurance service firm.

"This finding translates to a savings of $4.29 per unit for property owners who have successfully reduced the risks and financial implications of resident-caused damage by implementing a renter's insurance program at the property," according to LeasingDesk Insurance Services.

via RISMedia. Read more about this real estate insurance item.

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