Now is the Time to Examine Renters’ Insurance

Greenblatt: “Renters’ insurance benefits the landlord just as much as it does the resident.”

SAN DIEGO—The recent wildfires throughout Northern and Southern California have had devastating consequences on both business and residents, so renters and landlords need to review their insurance policies, Sunrise Management’s CEO Joe Greenblatt tells GlobeSt.com. The fires caused thousands of structures to be destroyed, dozens of deaths, more than 500,000 acres burned and billions of dollars in property damages.

Sunrise, a San Diego-based multifamily property manager with a portfolio of 13,000 units throughout California, Arizona and Nevada, experienced nine property fires across its portfolio in 2017, with fire destroying or damaging 84 units. We spoke with Greenblatt about why now is an optimum time to examine the value of and importance of renters’ insurance—for renters and landlords alike.