Common use of Insurance Election Clause in Contracts

Insurance Election. If you choose not to purchase insurance through the carrier of your choice or are unable to secure satisfactory personal liability insurance coverage, you have the option to obtain insurance coverage under an insurance program issued by an insurance carrier we have partnered with. As a resident of this property, you automatically qualify for this coverage with our preferred provider with no underwriting or lengthy application. Participation in this program allows you to conveniently pay the insurance charges with your monthly rent. Following your execution of this Lease, you will be sent a link via email or text message to an online insurance portal where you must either enroll in the insurance program offered by our preferred provider or upload proof of insurance if you already have insurance or if you decide to purchase the insurance through a carrier or agency other than our preferred provider. If you choose to participate in this preferred provider’s program, you agree that you will be charged $14.50 monthly with your rent to cover the costs of securing personal liability coverage in an amount of $100,000 and personal property coverage in an amount of $10,000. The insurance company will issue a certificate of insurance to you that will describe the limits, conditions and terms of the coverage provided. A description of the insurance coverage and the insurance carrier are available by visiting the online insurance portal. If you have questions regarding the insurance program, please call (000) 000-0000. If you decide not to enroll in the preferred provider’s program described above, you will be required to upload proof of insurance coverage to the online portal to meet the Lease’s insurance requirement. If you do not have access to the online insurance portal, you must contact the leasing office and the on-site staff may be able to provide you with an alternative access to the portal (e.g. business center computer, iPad, etc.).

Insurance Election. If you choose not to purchase insurance through the carrier of your choice or are unable to secure satisfactory personal liability insurance coverage, you have the option to obtain insurance coverage under an insurance program issued by an insurance carrier we have partnered with. As a resident of this property, you automatically qualify for this coverage with our preferred provider with no underwriting or lengthy application. Participation in this program allows you to conveniently pay the insurance charges with your monthly rent. Following your execution of this Lease, you will be sent a link via email or text message to an online insurance portal where you must either enroll in the insurance program offered by our preferred provider or upload proof of insurance if you already have insurance or if you decide to purchase the insurance through a carrier or agency other than our preferred provider. If you choose to participate in this preferred provider’s program, you agree that you will be charged $14.50 monthly with your rent to cover the costs of securing personal liability coverage in an amount of $100,000 100,000.00 and personal property coverage in an amount of $10,00010,000.00. The insurance company will issue a certificate of insurance to you that will describe the limits, conditions and terms of the coverage provided. A description of the insurance coverage and the insurance carrier are available by visiting the online insurance portal. If you have questions regarding the insurance program, please call (000) 000-0000. If you decide not to enroll in the preferred provider’s program described above, you will be required to upload proof of insurance coverage to the online portal to meet the Lease’s insurance requirement. If you do not have access to the online insurance portal, you must contact the leasing office and the on-site staff may be able to provide you with an alternative access to the portal (e.g. business center computer, iPad, etc.).000-