A Landlord can demand anything that they would like in a Rental Contract; it is up to the Renter to agree to it or not. In most States, renters insurance isn't required but is very popular.
In actuality, for those tenants that resist buying insurance, a Landlord requiring insurance per the rental contract is doing the tenant a favor. Even if the renter has no interest in the loss of his or her personal belongings, renters insurance includes personal liability coverage.
If the tenant is found negligent in the event of a claim, the renters policy would provide coverage to the claiming 3rd party; in many cases, the claimant may be the apartment building owner or home owner who has suffered the loss. Without insurance, an ugly and lengthy legal battle could ensue causing grief to everyone involved.
If after reading this response, the tenant would like to lease a home or apartment but has no interest in insurance other than to satisfy a requirement, it may be suggested to purchase the minimum Personal Property Coverage, the minimum Liability Limit and the maximum Deductible; this will generate the lowest renters insurance premium.
There is a link providing an online format to obtain a quote and buy renters insurance online in multiple States; it may be used directly by Consumers. An exemplary online experience for all! http://hda.stillwaterinsurance.com
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Are your belonging’s protected? Many renters think their personal belongings are protected by their landlord’s coverage. That simply isn’t the case. If someone is injured in your rented unit they can sue you for personal injury and the resulting suit could leave you bankrupt. The landlord has your interests at heart when he requires a renter’s policy. The cost is low and the protection is high!
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In actuality, for those tenants that resist buying insurance, a Landlord requiring insurance per the rental contract is doing the tenant a favor. Even if the renter has no interest in the loss of his or her personal belongings, renters insurance includes personal liability coverage.
If the tenant is found negligent in the event of a claim, the renters policy would provide coverage to the claiming 3rd party; in many cases, the claimant may be the apartment building owner or home owner who has suffered the loss. Without insurance, an ugly and lengthy legal battle could ensue causing grief to everyone involved.
If after reading this response, the tenant would like to lease a home or apartment but has no interest in insurance other than to satisfy a requirement, it may be suggested to purchase the minimum Personal Property Coverage, the minimum Liability Limit and the maximum Deductible; this will generate the lowest renters insurance premium.
There is a link providing an online format to obtain a quote and buy renters insurance online in multiple States; it may be used directly by Consumers. An exemplary online experience for all! http://hda.stillwaterinsurance.com