We require all residents to carry liability insurance ($100,000) for potential accidental damage to the landlord’s property during the term of their lease. To satisfy this lease requirement you have three options:
- Sign up for Renters Insurance with the company of your choice and provide proof of coverage to CPM prior to moving in. OR
- Sign up through your Tenant Portal for Renters and Liability insurance. You will be quoted a price based on the amount of coverage you desire for your belongings. We will be notified once you sign up. OR
- Do nothing–you will automatically be enrolled in our Legal Liability to Landlord Program. Cost: $12.00 per month This may be paid with your rent payment to CPM each month.
The coverage provided by our legal liability to landlord program meets the minimum requirements of the lease. The policy covers only your legal liability for damage to the landlord’s property (covered losses include fire, smoke, explosion, water damage, backup or overflow of sewer, drain or sump, falling objects, riot, or civil commotion) up to $100,000. This policy does NOT cover any of your personal belongings or property.
