Is it common for landlords to be interested parties on tenants’ renter’s insurance?

I need renter’s insurance to sign my lease, and the landlord wants to be an interested party for notification if I cancel.

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    As astute landlord will require that a tenant provide liability insurance and name the landlord as an additional insured. The liability insurance is normally contained in a renter’s policy. This makes it easy to handle a claim. Without this clause the claimant could sue both the tenant and the landlord.
    Answered on December 10, 2014
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  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That's a great question! Lol, the smarter ones will want to know! They are also protected when you have insurance,and left with increased risk when you don't.Put yourself in the landlords shoes - if a tenant is willing to try to get coverage only long enough to get the apartment and then drop it, are they really a tenant that the landlord wants? Probably not. A landlord that wants to know is conscious of everyone's safety, and that's ultimately a good thing. Thank you for asking!
    Answered on December 16, 2014
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