Landlord Question and Answer Forum

Forum / General Property Management / Renter's Insurance

Should I require that renters carry renter's insurance. I have my own coverage on each of my units, but it seems that there may be a need to have the tenant carry their own. Please advise. Thanks Julius harper

Julius H, CA on Friday, December 18, 2015

RE: Renter's Insurance

Yes, I always make sure the renter has renters insurance, it is affordable and worth it if there is ever an issue with the home or damage to their property. Home owners insurance or even your business insurance may not completely cover lost belongings or a break in.

Posted by Justin R, IL on Sunday, December 20, 2015

RE: Renter's Insurance

Definitely yes. Requiring tenants to purchase their own insurance policy is the only real way to protect their possessions. Besides, renters insurance is beneficial for renters themselves. It will cover all their possessions in case of natural disaster or theft. For you, as landlord renters insurance is an extra layer of protection.

Posted by Ross A, NY on Thursday, December 1, 2016

Return to the General Property Management Forum

Read related General Property Management Articles

Documents related to this forum

Articles related to this forum

Did Your Tenant Let the Pipes Freeze?
Posted October 12, 2017 Reader Rating:
What is an Addendum and How Is It Used?
Posted June 13, 2017 Reader Rating:
Rental Property Landscaping Dos and Don’ts
Posted March 28, 2017 Reader Rating:
How Much Rent Should You Charge?
Posted March 16, 2017 Reader Rating:

Highest Rated Discussions
allowing dogs Author: Jacob W, WI Updated: 06/24/2019 Rating:
Reantal Property Management Software Author: Harold P, MO Updated: 12/15/2021 Rating:
Options for Difficult Tenant Author: Jared B, UT Updated: 11/09/2015 Rating:
EZ Landlord Forms vs. On-Site Author: Troy D, WA Updated: 12/09/2014 Rating:
Tenant wants to add roommate Author: Scott H, IA Updated: 02/11/2012 Rating:

The forum is completely free to anyone! If you wish to post a message, you must log in. If you are not registered already, Join today to create a free account!

Any comments and opinions that are expressed by the users of this forum are solely those of the authors, and have not been reviewed or approved by ezLandlordForms.