Rentec Direct might be making it simpler to make sure your tenants keep in compliance together with your renters insurance coverage insurance policies. Rentec Direct already offers a filter to rapidly determine which tenants would not have a present coverage. In September, an enhancement might be added to routinely notify tenants who’re required to have a renters insurance coverage coverage, however would not have one recorded within the system.
Extra property managers are requiring tenants to acquire renters insurance coverage earlier than transferring right into a property. Most property managers incorporate it into their lease, and require that the tenant preserve protection all through their tenancy. This is sensible as a result of renters insurance coverage is moderately cheap for the tenant and offers protections for each the tenant and landlord. The problem for property managers is figuring out if the protection has been cancelled or suspended after the tenant strikes in. Primarily based on suggestions we’ve heard, many property managers don’t proactively monitor compliance with renters insurance coverage necessities.
Rentec Direct offers a filter to rapidly determine which tenants would not have a present coverage. To make use of this filter, go to your Tenants web page, and select the Insurance coverage Required filter. You’ll be proven an inventory of tenants that would not have an lively coverage. If enabled, Rentec Direct additionally notifies tenants through the Resident Join app and the Tenant Portal in the event that they want a coverage.
Even nonetheless, it’s work to maintain your tenants in compliance. We’ve heard from so many purchasers that they want further options to pro-actively remind renters when they’re out of compliance, to assist take the burden off property administration employees. We’ve heard you, and Rentec Direct is releasing a brand new device to do exactly that.
We’re including an enhancement in September to routinely notify tenants who’re required to have a coverage, however would not have one recorded within the system with bi-weekly electronic mail notifications reminding them that they should both a) acquire a coverage, or b) ahead their coverage paperwork to you as proof of present protection.
These reminders might be despatched if following circumstances are met:
- The tenant has no coverage, or has an expired coverage, or has a coverage expiring within the subsequent 30 days.
- The property the tenant is moved into has Renters Insurance coverage Required set to a worth of $100,000 or extra.
- The choice to Ship renters insurance coverage reminders is enabled (by default this selection is enabled).
On September fifteenth, 2025 your renters who meet the above qualifiers will routinely start receiving reminders. If you don’t want the reminders to exit as scheduled, go to Settings, Program Defaults, and disable the Ship renters insurance coverage reminders choice earlier than September fifteenth.
Rentec Direct additionally has a long-standing reference to Certain which makes it very straightforward for tenants to acquire renters insurance coverage in as little as 5 minutes proper from their cellphone or pc. This function has been accessible on the Tenant Portal since 2018 and has been used efficiently by 1000’s of tenants. When you’ve got this function enabled (Settings, Program Defaults, Permit tenants to acquire renters insurance coverage within the Tenant Portal), the e-mail reminders will even comprise a hyperlink to get an on the spot quote utilizing our Certain integration.
Study extra: Insurance coverage Wants Integrations
This integration with Certain is included with all Rentec Professional and Rentec PM subscriptions at no additional value. If a tenant does acquire insurance coverage by means of the Certain integration, Certain will routinely replace Rentec together with your tenant’s present coverage data, and likewise ship updates in the event that they cancel their insurance coverage or cease paying their coverage. That data will routinely present up throughout the tenant data, and routinely replace your filters and reviews. This helps you routinely know in case your tenants are in compliance.
Tenants also can acquire insurance coverage from their very own agent, and the e-mail notification offers the mandatory data so the tenant can checklist you as an celebration and ahead you proof of protection. To manually replace your tenant’s insurance coverage data, edit the tenant, and replace the Insurance coverage Data part.
Right here’s an instance electronic mail your tenants will obtain if all renters insurance coverage choices are enabled:
