Accidental Damage Insurance
What happens if the Resident accidentally damages my property? We require residents to carry accidental damage insurance. The purpose of this coverage is to repair the property in case the resident accidentally damages the property. This coverage is not meant to replace the required property and liability insurance that the owner carries on the property. The purpose is to help the tenant pay for damages they cause to the property. For example, if the tenant starts a grease fire that causes some smoke damage and some damage to a counter-top, this insurance would cover the cost of the repair. Currently the coverage is up to $100,000 with a zero dollar deductible to the tenant. The benefit to the owner is that the owner doesn’t have to place a claim on their property insurance. No claim means no premium increase next year because of the claim. The benefit to the tenant is no out of pocket expense to pay for the repair. In some cases the tenant will purchase renter’s insurance with different coverage and limits. We will accept that coverage as sufficient.
Trusted by Hundreds of Local Residents
The Kattenberg Brothers have raised the bar for rental companies in this
community. They provide a higher level of professionalism and have made a
meaningful impact on our area.
I had the opportunity of working with Real Property Management over the course of a year as a tenant of one of their managed properties in Sioux Falls, SD. They were more than accommodating and extremely helpful whenever we had an issue. We were always treated as a first priority. Based on firsthand experience, I would highly recommend them to any property owners looking for a top-notch property management team!
I have worked with Josh and Derek for three years. They approach the rental management
business with enthusiasm, energy and a desire to provide excellent client service.