INSURANCE: I understand that my personal property is not insured by the Lessor
(Landlord), and agree to maintain a Renter's Insurance Policy for the duration
of the lease and each succeeding lease. I agree to provide Landlord proof of
insurance within 15 days of move-in. I agree to name “Martin Jaffe Investment
Company” as “additional insured”.
Lessor & Lessee acknowledge that there is no way for the Lessor to adequately
insure the Lessee’s personal property because there is no way for the
Lessor to have knowledge of the Lessee’s Personal Property value.
Lessee will name the Lessor, Martin Jaffe Investment Company as “additional
insured” for Liability issues that might arise out of the Lessee’s
actions.
Lessee agrees to pay 50% of Lessor’s deductible in the event that an insurance
claim results inside of Lessee apartment or common area as a result of Lessee’s
actions or inaction. Lessor maintains deductibles of $1,000 and $2,500 to maintain
reasonable insurance premiums and affordable rents to the Lessees.
Failure of Lessee to furnish evidence of Renter’s Insurance within 15
days of move in, naming MJIC “additional insured”, and maintaining
this Renter’s Insurance during the duration of the lease may result in
the Lessor charging $25 per month extra potential risk. This charge may be assessed
against the Lessee’s Security Deposit.
________________________ ________ _______________ _______
Lessee Date Lessee Date
Renter’s insurance generally costs $75-$150 annually depending upon the
insured amount, deductible, and actual vs. replacement costs. This $6.25 to
$12.50 per month for loss & liability insurance.
Your current auto insurer more than likely offers “Renter’s Insurance”
(Personal Property & Liability)… You might be eligible for a discount
from your current auto insurer.
Please reference Martin Jaffe Investment Company in an attempt to get 1) better
pricing 2) insurer might have your property on file…
Suggested Insurers:
Loma SullivanState Farm Insurance4110 Crescent DriveSt. Louis, Mo. 63129-1005(314)
892-0007- Voice(314) 892-6058- Faxloma.t.sullivan.h01c@statefarm.com Matt SchadeAmerican
Family Inurance15825 Manchester Rd Ste 203St. Louis, Mo. 63011(636) 394-5220(636)
394-5737- Faxmschade@amfam.com
Marty BerraBerra Insurance Group1848 Craig Park CourtSt. Louis, Mo. 63146(314)
434-3400 Ext. 202(314) 434-1656- Faxmarty@berrainsurancegroup.com