"Residents can cause a lot of damage," said Jordan Fishbein, director of insurance for Garden Homes, which manages 45,000 apartment homes. "From kitchen fires and flooding to clogged drains, incidents happen. It's part of the business. But when a resident is devoid of renters insurance, the claims fall on us." (Credit: 1000Photography/Shutterstock.com)
Renters insurance is a standard requirement for apartment dwellers across the country. However, compliance is an enduring pain point for apartment operators, from meeting compliance to optimizing insurance tracking.
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