A Rhino policy offers a specific amount of protection on an apartment. This amount is the most that can be claimed for damages or missed rent payments. For example, if your Rhino policy has a coverage amount of $1,000.00, then no more than $1,000.00 can be claimed for your apartment.
Once the coverage amount on a policy has been claimed, no further claims can be made.
How much coverage will I need?
The amount of coverage required on a policy is a decision made by the landlord. They will determine how much coverage they need in order to approve you for the lease.