Who Has To Have Renters Insurance?

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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    In California there isn’t a state law requiring a renters policy.  Your landlord may require it as a condition to lease the property to you.  Whether it is required or not, you accept a substantial risk when you lease property.  If someone is injured on your rental property you can face a lawsuit that would bankrupt you.  If there is a fire or other disaster, your personal property could go up in smoke and there wouldn’t be anyone to replace it.  The risk is great, the premium is little.
    Answered on March 21, 2014
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