The majority of landlords require their tenants to have renters insurance with a lease provision.
No state law requires renters insurance, aside from a few local laws pertaining to people with certain breeds of dogs who must maintain liability insurance. But it's certainly a good idea to have, because one break-in or fire would devastate you. Renters insurance replaces your property in a matter of days, as opposed to the years you'd have to work to replace one thing at a time as you can afford it.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
It can be by the property owner, which is perfectly reasonable. The property owner wants to lease space to responsible individuals to be sure, ut they also want to make sure that they are well protected in the event that one of their tenants does something that causes injury to someone else or damage to the rented space.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
While the state doesn’t require it, your landlord might. The landlord wants to know that you can take care of a lawsuit that comes from your living in his unit. He also wants you to know that your personal property isn’t his responsibility. Even if his building burns and in the process your property is destroyed, he isn’t responsible for your property.
.JPG){kind=avatar}
No state law requires renters insurance, aside from a few local laws pertaining to people with certain breeds of dogs who must maintain liability insurance. But it's certainly a good idea to have, because one break-in or fire would devastate you. Renters insurance replaces your property in a matter of days, as opposed to the years you'd have to work to replace one thing at a time as you can afford it.