Get Renters Insurance
Renters insurance is one of the best products you can buy. Not only is it relatively inexpensive, but it covers both your personal property AND your personal liability.
Contact Sleep Sound for an insurance referral.
Required Coverage
- Single Family Houses - $300,000.00
- Apartments, condos, etc - $100,000.00
True Stories of when Renters Insurance Saved the Day!
Toilet Overflow
Resident noticed their toliet was clogged. Rather than try to unclog it, they left. Unfortunately not only was the toilet clogged, but it was also running and the water level was continuing to rise.
Long story short, the toilet overflowed with black water, cover the floor, ran down the heating duct into the floor below. It caused damage to the bathroom, laundry room, hallway and garage.
Damages were roughly $15,000.00
Garage Door
A resident intended to back out of their driveway, but had failed to put their car in reverse. They drove through the garage door.
The total damage was $3,000.00
Break-In
While on vacation someone broke into their home and stolen the residents personal property.
The total value of lost property was $2,800.00
Frequently Asked Questions
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Why Does Sleep Sound require renters insurance?
This protects the residents personal property in the event of a fire (the owners policy does not) and provides liability coverage to the resident. This not only reduces the landlords liability exposure, but protects the resident from a devastating loss in the event they are personally liable for a claim. -
How much coverage do I need?
If you rent a single family home, you must carry $300,000 in liability coverage. If you rent anything else such as a condo, plex or apartment you only need $100,000.00 -
How much does renters insurance cost?
Generally $10-$30 a month depending on the type of coverage and the value of the total personal property insured. -
Are there any exceptions to this requirement?
Yes, individuals who have extremely low income may be exempt under Chapter 90 of the Oregon Residential Landlord Tenant Act. Please consult with your property manager or leasing agent if you fee this applies to you. With that said, even if you are exempt, for all the reasons above, we strongly suggest you obtain coverage.