Frequently Asked Questions
Q: How much does it cost to participate in the “PTA” Liability Waiver Program?
A: The cost is $13.25 per month WITHOUT Renter's Insurance, or $6.25 ($13.25-$7.00) WITH valid Renter's Insurance, naming Wesley Apartment Homes LLC as Additional Interest/Additional Insured.
Q: Is participation in the PTA Liability Waiver Program mandatory?
A: It is not mandatory if you have valid renters insurance in force…but it is advisable because of the possibility that you could be liable for damage that is not covered by renter’s insurance. Also, the extra benefits (Same-Month Rent Reimbursement, Lease Termination Protection and Free Rent Vouchers) would never be given by a renter’s insurance policy. If you do not have valid Renter’s insurance and you also do not enroll in the PTA Liability Waiver Program, then you will automatically be charged the $19/month High Liability Fee under the Residential Lease Contract with your community.
Q: What if I have a non-family-member roommate? Do we both have to participate in the PTA Liability Waiver Program?
A: NO! Participation in the “PTA” Liability Waiver Program is on a per-apartment basis. However, the benefits are only one-per apartment.
Q: If I participate in the PTA Liability Waiver Program, do I really need Renter’s insurance?
A: This is a personal decision. Although the PTA Liability Waiver Program does waive potential liability that you may have to the owner of the apartment community, it does not waive potential liability that you may have to others (such as your downstairs neighbor). Also, although the PTA Liability Waiver Program provides valuable extra benefits (Same-Month Rent Reimbursement, Lease Termination Protection and Free Rent Vouchers), it is NOT an insurance policy, and it does NOT cover any of your personal belongings if damaged, lost or stolen.
Q: Is the PTA Liability Waiver Program actually a form of insurance?
A: NO, it is not insurance. It is a private agreement to waive liability that the resident may owe to the apartment owner. The extra benefits (Same-Month Rent Reimbursement, Lease Termination Protection and Free Rent Vouchers) are a bundle of accommodations from the apartment owner that are intended to soften the difficult consequences of an unfortunate incident that makes the apartment uninhabitable for over ten days. Wesley Apartment Homes is not selling or providing insurance. Together, the resident and the apartment owner are cooperating to eliminate some of the problems that can arise because of the absence or inadequacy of insurance.
Q: Does the PTA Liability Waiver Program cover Personal Contents?
NO, PTA is NOT an insurance product. It is a Liability Waiver in which management relinquishes resident’s liability to accidental damages. A separate Renter’s Insurance policy must be purchased from a third party in order for resident to have Personal Content Coverage.
Q: Why did you establish the PTA Liability Waiver Program?
A: At Wesley Apartment Homes, we believe strongly in cultivating the best possible relationship with our valued residents. It is important for us to avoid allowing a simple accident to ruin that relationship. The PTA Liability Waver Program serves as a cost-effective and responsible means of helping to manage the bad “surprises" that can turn a mere accident into a financial catastrophe. We have seen many situations where, even with Renters insurance, the full cost of the accidental damage caused by a Resident was not paid, and the Resident remained liable for the difference. Our goal in setting up the PTA Liability Waiver Program was to offer relief from these unfortunate situations.