You are required by your Housing Agreement* to indemnify the property owner up to $100,000 for accidental damages arising from fire, smoke, explosion, water discharge, and sewer backup as further described in your rental agreement.


Your bed/unit is automatically placed in the community’s Property Damage Liability WaiverSM (PDLW®) and therefore subject to an additional rent of $10.00 per month.


Payment of this additional rent waives your obligation to indemnify the property owner for accidental damages arising from fire, smoke, explosion, water discharge, or sewer backup caused by your negligent acts or omissions as further described in your rental agreement up to $100,000. Please note that this additional rent is not an insurance premium, or an insurance cost, or a separate fee.


In situations where the property owner’s covered damages are under $100,000, affected students/residents by the bed/unit, as an amenity, may receive up to the personal property limit listed in the lease addendum as determined by the property owner and subject to the terms of any applicable owner insurance policy; provided that in no event shall the sum of the property owner’s covered damages and all amounts paid to affected units exceed $100,000.


By placing your bed/unit in the PDLW®, you are not accepting, enrolling, or purchasing an insurance policy nor are you being listed as a named insured under any owner’s policy. The Property Damage Liability Waiver℠ is not a resident’s insurance policy nor is it intended to replace a resident’s personal property or liability insurance policy.


*Subject to your local governmental regulations.


NOTICE: THE PROPERTY DAMAGE LIABILITY WAIVER ONLY WAIVES YOUR OBLIGATION TO INDEMNIFY THE OWNER FOR ACCIDENTAL DAMAGES CAUSED BY YOUR NEGLIGENT ACTS OR OMISSIONS AS DESCRIBED HEREIN. BY PARTICIPATING IN THE PROPERTY DAMAGE LIABILITY WAIVER, YOU ARE NOT ACCEPTING, ENROLLING, OR PURCHASING AN INSURANCE POLICY NOR ARE YOU BEING LISTED AS A NAMED INSURED UNDER ANY OWNER POLICY. THE PROPERTY DAMAGE LIABILITY WAIVER IS NOT AN OCCUPANT’S INSURANCE POLICY NOR IS IT INTENDED TO REPLACE AN OCCUPANT’S PERSONAL PROPERTY OR LIABILITY INSURANCE POLICY. ALL OCCUPANTS SHOULD CONSULT AN INSURANCE PROFESSIONAL TO EVALUATE AND DETERMINE PERSONAL INSURANCE NEEDS.