As of June 15, 2022, all new and renewal leases are required to carry Renter’s Insurance prior to move in and prior to renewing your lease.
Renters insurance provides residents with general liability coverage for accidents within their apartment home such as a kitchen fire which can easily cause $10,000-30,000 in damages. While no one anticipates these types of events, having renter’s insurance will protect you from a financial crisis if one does occur. Additionally, you can protect your personal property against things like fire (from yourself or a neighbor), smoke, storms and/or theft. Many residents are not aware that Goldmark is not legally responsible to replace your possessions if damaged by fire, wind, water or theft. Renter’s insurance can provide this protection for pennies a day. It also provides peace of mind that your financial position will not be affected by accidents caused by your or your guests.
Whether you just got approved for your apartment or you are preparing for your renewal, you can quickly receive a free quote from our preferred provider, ResidentShield, within our online portal or at: https://www.residentshield.com/
If you choose ResidentShield as your renter's insurance provider:
- You are preapproved.
- Coverage can begin immediately
- They will automatically update us with your policy information.
You could also select an insurance provider of your choice. You must meet the minimum requirements of $100,000 general liability coverage and must correctly list the property as an additional interested party.
Additional Interested Party:
PO Box 3687
Coppell, TX 75019
If choosing your own provider, you must provide your policy declaration page to your leasing office prior to moving in or renewing your lease.
Here are some frequently asked questions about renter's insurance requirements at Goldmark. For specific questions about your insurance policy, please speak with your insurance provider.
Renter’s insurance helps protect you financially. Personal liability protection covers unintentional bodily injury and property damage. For example, if you accidentally start a kitchen grease fire, you can be held responsible. It is not unusual for a fire to cause over $20,000 in damages to the apartment structure. It’s important to protect yourself.
Each lease holder needs coverage from an renter's insurance policy. Depending on your provider, it may be possible to add your roommate to your policy. Talk to your insurance agent to learn more. They'll have all the details.
Goldmark requires $100,000 in liability coverage. If utilizing your own insurance provider, you must also list the Property Name with the address of PO Box 3687 Coppell, TX 75019 as an additional interested party.
You need to either purchase renter’s insurance through our preferred provider, ResidentShield, or a provider of your choice who meets our requirements. If you opt to utilize ResidentShield, you are auto-approved, can enroll in minutes, and ResidentShield will automatically let us know you are covered.
Goldmark will be notified if you cancel your renter’s insurance policy. If that occurs, you will be automatically enrolled in Goldmark’s master policy, which provides $100,000 liability coverage. Our master policy does not provide any coverage for your personal property. Your account will be billed for the enrollment in our master policy until you provide us with proper documentation of coverage.
Renter’s insurance is a requirement of our lease agreement. Failure to obtain and/or provide proper documentation will result in a delay of your move in.
You need to either purchase renter’s insurance through our preferred provider, ResidentShield, or a provider of your choice who meets our requirements. If you fail to do so, you will be automatically enrolled in Goldmark’s master policy, which provides $100,000 liability coverage. Our master policy does not provide any coverage for your personal property. Your account will be billed for the enrollment in our master policy until you provide us with proper documentation of coverage.
As of June 15, 2022, Goldmark Property Management requires all residents to obtain and maintain renter’s liability insurance during the term of your lease including renewals and residents opting for a month-to-month term.
If you opt to not purchase a policy, our team will be following up with you to discuss your options, which includes signing an addendum to the lease acknowledging your enrollment into the Master Policy for a small monthly fee or providing a notice of non-renewal.
Check with ResidentShield or your preferred insurance provider to see what is covered by their policy or what additional endorsements might be available to you.
You are responsible to contact your insurance provider to cancel or update your policy.
Check out their FAQs: https://www.residentshield.com/faq/
Depending on your coverage options, a renter’s insurance policy often covers your personal items lost due to theft, vandalism, fire, smoke, and weather-related incidents. Visit with your insurance agent to determine the amount of additional coverage to you may want. Liability coverage should not be treated like a security deposit. Some damage due to misuse or neglect may not be covered. Speak with your insurance provider to learn more.
Wrong. In most cases, a landlord’s insurance only covers structural damage to the home. If your building were to catch fire, your landlord’s coverage would likely cover structural repairs, but not your personal possessions. Renter’s insurance helps fill in the coverage gap by protecting your personal possessions.
If your apartment or home contains anything of value, yes. If your possessions are lost due to theft, fire or certain weather-related causes, you would likely be on your own to replace them if you’re without renter’s insurance. Most renters are surprised to learn how much it would cost to replace every item in their home. Furniture, electronics, clothing, footwear, major appliances, dishes, silverware – the average renter owns a lot of stuff! If you were to lose it all, even a week’s worth of clothing and a new bed could set you back hundreds, if not thousands, of dollars. Many renters do not know that the property’s policy does not cover personal contents.