Renters Insurance Reminder
November 16, 2015
As residents were notified early this year, in the 2015 Basic Allowance for Housing (BAH) program the Department of Defense eliminated all funding for renters insurance. As the property manager for Picatinny Homes, Balfour Beatty Communities opted to continue providing renters insurance for the balance of 2015 to all residents who previously had it within their lease agreement.
We’d like to take this opportunity to remind you that the existing Balfour Beatty Communities-sponsored policies will expire on December 31, 2015. After that date, all residents will be responsible for purchasing their own renters insurance policies. While we do not require residents to have renters insurance, we strongly encourage all residents make arrangements to purchase a policy to ensure your personal property is covered in the event of an emergency or theft.
Your existing insurance provider for auto coverage or other policies is a great place to start getting quotes for renters insurance and a quick online search will produce additional options. You’ll find these policies are very reasonably priced, however be sure to ask about discounts offered to active duty military.
If you have any questions about renters insurance, please feel free to contact our community management office at 973-328-2992.