In our blog post, Why Renters Insurance Matters to Landlords, we highlight just how essential requiring your tenants to have Renters Insurance is. The good news is that Renters Insurance is highly affordable, and the truth of the matter is, if your tenants can’t afford it, that might be a red flag that they can’t pay rent either. Cozy is a great place for landlords to send tenants for Renters Insurance, and also has solutions for all aspects of landlording.
While pricing varies based on several factors including property location and type, your tenants can get Renters Insurance through Cozy for as low as $20 a month and a deductible of only $250. That low pricing covers up to $100,000 liability coverage and $15,000 of personal property coverage. In the event of an incident, the $240 yearly expense will be extremely worth it.
In addition to easy, affordable Renters Insurance options for tenants, Cozy offers several free features for landlords. Through Cozy, landlords can collect rent online, gather rental applications, organize and track expenses, and more. Plus, for a minimal expense, charged directly to the rental applicants, landlords can order tenant credit reports and background checks.