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Tenants have a chance to win a year of free renters insurance by entering a contest sponsored by

The contest is helping the company spread the word that tenants need insurance to protect belongings from unexpected losses like apartment fires.

Liability coverage can also be added to protect a tenant from financial losses due to negligent acts.

Ten lucky winners will receive free renters insurance for a year

Interested tenants will need to submit a short story about renters insurance.  Winners will receive one year of free renters insurance coverage, a $500 value. Landlords benefit from tenants having coverage because it minimizes legal disputes when accidents do occur, and it protects rent payments by prevent financial disaster for the tenant.

According to the company’s rules, the stories do not need to be factual. The stories will be judged on relevance to the subject matter, creativity, humor if appropriate, and whether the story captures the reader’s interest.

Stories must be 500-2000 words and submitted via email to [email protected] by midnight on September 30, 2012. Entries will be published on the Blog and the winner will be chosen by October 15, 2012.

Renters insurance protects against loss or damage to personal property caused by a number of disasters, such as fire, theft or water damage. Many people believe that their landlord’s homeowners policy will protect their belongings if they are lost or damaged, but this is not true. Tenants need to have their own policy to insure their valuables are protected. The homeowners policy only covers the building, not the personal belongings of the tenant or liability.

Others think that they do not have many items of value so a policy would be a waste of money.  However, most fail to realize just how expensive it would be to replace all their personal property in a total loss, like in the case of a flood or fire.  Without a policy, this replacement cost would have to come out of the tenant’s pocket.

Most standard policies also include liability protection. This will save policyholders from the financial responsibility of medical bills and attorney fees if sued by a person injured at their rental property. For instance, if a guest falls and hurts themselves or is bitten by the renter’s dog, liability coverage will take care of the hospital bills and legal fees — and the landlord is less likely to become a target.

With AAOA, landlords have resources at their fingertips. Check out our Landlord Forms page.

American Apartment Owners Association offers discounts on products and services for landlords related to your rental housing investment, including rental forms, tenant debt collection, tenant background checks, insurance and financing. Find out more at

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