At a time when liability issues seem out of control and often decide the difference between financial success and failure, adequately protecting your physical and financial assets is critical. Pinnacle defines areas of possible risk for Pinnacle and its managed entities, and develops and administers programs to eliminate or minimize the adverse financial impact those risks may represent.
To help mitigate risk, Pinnacle provides properties with an innovative renter’s insurance program that saves money, protects the asset, and provides residents with a valuable and needed amenity.
- Renters insurance saves on the cost of resident-caused damage. The first $100,000 of damage from a covered peril is covered by the resident policy. This expense often comes directly out of the property’s NOI.
- Renters insurance saves on the cost of the deductible. Resident-caused damages are covered by renters insurance so clients make fewer claims on their property and casualty policies. We anticipate fewer claims will result in a reduction of the premium.
- Renters insurance also saves money on property insurance. By transferring the risk to the appropriate party (residents who cause damage), clients may consider raising the commercial deductible and realizing an immediate benefit on NOI.