Is It Illegal To Not Have Renters Insurance?
1450 POINTSview profileFred AdamsThe HSA Expert, Health Revival, Athens, GANo, there are no requirements that would make it illegal to not have renter's insurance. In fact, the majority of renters in America do not carry any such coverage. If you are interested in obtaining this type of insurance, you should speak with an agent in your area. If you purchase this coverage through the same carrier as your auto owners coverage, you will typically receive a much lower rate for carrying multiple policies.Answered on April 23, 2014flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482No it is not illegal. The building's property owner may include having renters insurance as a requirement and condition of your lease, however, and this both common practice certainly legitimate. Talk with your insurance professional, though because there are many more reasons to have renters insurance if you need it than there are to NOT have it.Answered on April 23, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! Unlike auto and health insurances, there are no laws requiring you to carry this insurance. That said, if you have stuff that you will keep in a building that someone else owns, (who isn't going to replace it for you should something bad happen to it) That is reason enough to have it. Your belongings are not covered under the apartment complex's policy, and there are many people who learn that the hard way. Please consider getting a policy, they are relatively inexpensive, and can make a huge difference in your life if you ever need it. If you need help, please feel free to contact me, I'm happy to help. Thanks for asking!Answered on April 23, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
