Renter’s Insurance Requirement
When renting a home managed by Cox Realty, all tenants are required to maintain renter’s insurance throughout the duration of their lease.
While the property owner maintains insurance on the structure of the home, that coverage generally does not extend to tenants’ personal belongings. Neither the owner’s insurance nor Cox Realty’s insurance is intended to cover personal property owned by tenants. For this reason, renter’s insurance is required for all residents.
Why Renter’s Insurance Is Important
Renter’s insurance is designed to help protect tenants from financial loss related to personal belongings and certain liability situations.
Illustrative Example (Coverage May Vary)
To help explain how renter’s insurance typically works, consider the following illustrative example. Actual coverage will always depend on the specific insurance policies involved.
If you move into a Cox Realty–managed home and purchase a television that you mount on the wall, and a water pipe later breaks causing damage, the property owner’s insurance typically covers damage to the structure of the home, such as walls and flooring. Personal belongings, such as televisions or furniture, are often not covered by the owner’s insurance and may require renter’s insurance for protection.
In situations like this, renter’s insurance may help cover personal property losses, depending on the terms, limits, and exclusions of your policy.
In general: property insurance focuses on the home itself, while renter’s insurance is intended to help protect your personal belongings.
What Renter’s Insurance May Cover
Coverage varies by provider, but renter’s insurance commonly includes:
- Personal property coverage
May help replace belongings that are damaged or stolen - Liability coverage
May help cover medical expenses or legal defense if a guest is injured in your home and files a claim - Additional living expenses
May help cover temporary housing if the rental becomes uninhabitable due to a covered event
Tenants are encouraged to review their policy carefully and confirm coverage details with their insurance provider.
Cost of Renter’s Insurance
Renter’s insurance is generally affordable. According to ValuePenguin.com, the average cost of renter’s insurance in Utah is approximately $24 per month (as of December 2025), though actual premiums vary by provider and coverage level.
Proof of Coverage Requirements
Once renter’s insurance is obtained:
- Proof of active coverage must be uploaded to the Tenant Portal
- Coverage must remain active for the full term of the lease
If a policy expires or proof of insurance is not on file, and Cox Realty must follow up to request updated documentation, a $25 administrative fee will be charged each time follow-up is required.
Additional Insured Requirement
Please ensure Cox Realty LLC is listed as an Additional Insured on your renter’s insurance policy.
Important Insurance Disclaimer
Coverage, limits, exclusions, and deductibles vary by insurance provider and individual policy. Tenants are responsible for reviewing their renter’s insurance coverage and confirming protection directly with their insurance agent or provider. The information on this page is provided for general informational purposes only and does not constitute insurance or legal advice.