Yes, Tenants are required to maintain renters insurance during tenancy. To make this easy for you, our Resident Benefit Package includes renters insurance that meets all lease requirements.
If you prefer, you may find, purchase, and maintain another policy that satisfies the lease requirements. The Resident Benefits Package monthly amount will be adjusted accordingly. Visit http://insurance.residentforms.com/ and follow the instructions listed there to provide evidence of the required insurance coverage to your Landlord.
Please be sure that your policy meets the following criteria prior to submitting:
Policy is purchased from an A-rated carrier
Policy meets or exceeds the required $100,000 in property damage and legal liability
Action Properties is listed as additional interest
Action Properties address is listed as: PO Box 660121 Dallas, TX 75266
It is Tenant’s responsibility to pay premiums directly to your insurance provider. If the policy is terminated or lapses, Tenant will be subject to a lease violation fee of $25 and enrolled in the Resident Benefit Package provided insurance.