In some States, the Law requires for all Tenant Lease Contracts to include a clause requiring tenants to purchase and provide proof of Renters Insurance to the Landlord. In most States, this is not the case. However, a Landlord has the right to require a tenant to responsibly be insured as part of the agreement; as long as both the Landlord and Tenant sign the Lease, it is a legal agreement.
Renters Insurance is very inexpensive and provides a huge protection to both the Landlord and the Tenant in the event of a claim. The minimum amount of Personal Liability is $100,000 on most contracts and has no associated deductible; the minimum amount of Personal Property coverage could be as low as $20,000 to which the policy deductible will apply.
In order to generate the lowest premium for those uninterested in coverage but required to purchase coverage, one should obtain a quote for the minimum liability limit, the minimum personal property coverage and the maximum deductible.
Providing an online format to obtain a quote and buy renters insurance online in multiple States; may be used directly by Consumers. An exemplary online experience for all! http://bit.ly/1954BTO
President, Streets Insurance Agency, 1234 Rhododendron Dr (POB 7000), Florence, OR 97439
If the lease you signed says you will have renters insurance then, yes, they can require you get the coverage. If you signed the lease (contract) you agreed to the terms (to by the insurance). That said, renters insurance is CHEAP. Even if it is not required its a great idea. Probably less than $10/month ... a small price to pay to not see your families picture on a coffee can asking for change at 7-11!
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Renters Insurance is very inexpensive and provides a huge protection to both the Landlord and the Tenant in the event of a claim. The minimum amount of Personal Liability is $100,000 on most contracts and has no associated deductible; the minimum amount of Personal Property coverage could be as low as $20,000 to which the policy deductible will apply.
In order to generate the lowest premium for those uninterested in coverage but required to purchase coverage, one should obtain a quote for the minimum liability limit, the minimum personal property coverage and the maximum deductible.
Providing an online format to obtain a quote and buy renters insurance online in multiple States; may be used directly by Consumers. An exemplary online experience for all! http://bit.ly/1954BTO