Why Do Apartments Require Renters Insurance?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasIn many cases, having the tenants carry their own insurance will help the apartment complex lower their insurance costs. It is a way of sharing the risk and costs, which hopefully translates to lower rents for the tenants. Think of it like a pot luck dinner - if everyone brings a dish, the host can focus on supplying the drinks, and not worry about the cost of food also.Answered on April 9, 2014flag this answer
170 POINTSview profileKatherine HoodAgent, Hood Agency, AlaskaRenters insurance should always be mandatory. Its a very inexpensive policy, covers so many different type of instances and most often the savings on your auto insurance more than pays for renters insurance. Landlords that require it are genius. Remember your landlord has (should) insurance to cover the structure(house), however this policy WILL NOT cover you, your stuff or pay to relocate you if there is a fire, water loss, burglary etc. For a small cost usually 60 dollars or so a year you've got protection for you stuff (clothes, furniture, books, computers ect) anywhere in the world!Answered on April 9, 2014flag this answer
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