Can You Be Forced To Get Renters Insurance?

  1. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! You cannot be forced to get renters insurance, but the landlord can make it a requirement for you to be able to rent from them. You can always choose to rent somewhere else. But I'd want you to think about it for a second. Why should you  have it?  The landlord has insurance, but it doesn't cover any of your belongings. If your apartment caught on fire, His insurance would cover the building repairs, but you and your neighbors' belongings are another story. And the liability for the fire may leave you open to a lawsuit for the repair bill. Renters insurance is relatively cheap, and can save both you, and your landlord, a ton of grief. That's why they want you to have it. If you would like some tips on what to look for, please feel free to contact me, I'm happy to help. Thanks for asking!
    Answered on May 15, 2014
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  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    A landlord can require that the tenant have a renter’s policy.  As a tenant you can elect to move out.  It is more likely that you would never move in.  This is not a state law rather it is just a condition of the rental contract.  Tenants often feel that the landlord’s insurance covers their property and it doesn’t.  They also are not aware that if someone is injured inside their unit, they are responsible, not the landlord.  A renter’s policy covers these issues.
    Answered on August 13, 2014
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