Abstract :
The property management firm IPS Management Inc and insurance underwriter Deans and Homer have devised a technique that encourages apartment tenants to avail of insurance coverage for renters. The program allows for on-the-spot creation of an insurance policy upon tenant acceptance of coverage. The policy functions like a homeowner's plan by furnishing personal liability and personal property coverages. The program helps to alleviate the litigation risks encountered with uninsured tenants in cases of personal loss.