IT IS MANDATORY THAT YOU HAVE RENTERS
FULL COVERAGE & LIABILITY INSURANCE.
This is required to lease any of our rentals. Coverage must state:
"Additional loss payee; BCI Properties, LLC."
Cost to tenant is generally only about $15 to $25 a month, depending on who you choose for your Insurance carrier, their terms and what they will cover. This MUST be a Full Coverage Policy, which will cover liability in case of intentional or accidental or vandalism damage to the owners property. If the cost is too high or you need help, ask for our advice. We have answers.
Belongings coverage - To help pay to repair or replace covered belongings.
Water backup - This coverage protects you against losses caused by water that backed up through sewers or drains. (This is not the same as flood insurance.)
Scheduled personal property - Provides additional coverage for high-value items, such as jewelry, watches and furs, as provided by your policy and state law.
Personal liability - Personal liability renters insurance policies may cover bodily injury and property damage to others caused by your actions or negligence.
Personal umbrella liability insurance- Personal umbrella policy offers an extra layer of protection for your assets. This includes bodily injury,property damageand personal injury to othersfor which you are held liable.
Medical payments - Medical payments may help coverothers'medical expenses resulting from an accident on your property. For home and apartment renters, insurance under this coverage plan does not apply to you or regular residents of your household.
Ordinance or law - This insurance help cover increased expenses if you need to rebuild due to current building codes or ordinances.
Credit card - Credit card coverage pays up to your selected limit for unauthorized transactions on your credit cards and bank debit/ATM card. This renters insurance coverage also applies to forged checks and counterfeit money.
Firearms - Firearm coverage may help pay for the physical loss of firearms and accessories.
Personal injury liability - This renters insurance coverage may help pay for damages awarded to others due to injuries such as false arrest, libel, slander and invasion of privacy for which you are responsible.
Theft extension - This option provides extended protection for your personal belongings stored away from your home in or on any motor vehicle, trailer or watercraft.
Earthquake and volcanic eruption - This insurance pays for covered losses to your property caused by earthquake or volcanic eruption up to the limits you select.
Building/additions/alterations- This option pays for covered damages to additions, alterations, fixtures, improvements or installations that you make to your residence.
Loss of use - This coverage helps pay for additional living expenses resulting from being unable to live in your home.
Hurricane - Hurricane insurance provides coverage for property damage resulting from a hurricane. However, this coverage may be subject to special terms, conditions and deductibles in coastal states.
Kind regards to all;
Don Leske Sr. / Owner-Broker
BCI Properties, LLC
Office: (253) 531-1010
Disclaimer: Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which control coverage determinations. Such terms may vary by state, and exclusions may apply. This list and examples of what may be covered was obtained from the Nationwide Insurance Company website, and BCI Properties, LLC nor any Agents of BCI warrants these coverage's will be available when applied for, naturally. BCI Properties, LLC along with its employees and Agents,do not recommend nor infer
that tenants choose any particular Insurance company. There are many fine Insurance companies who will have competing prices and fees, so do your research well.