Why Landlords Require Renters Insurance?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The landlord is concerned about damage to his property.  He is also concerned that someone will come onto the property, at your invitation and be injured and sue him.  The landlord is also concerned that if the unit you are renting is damaged, you might think that he is responsible to pay for damage to your property (which is not true.)  You should want a renter’s policy to keep the landlord happy and to keep you happy if you are ever sued or have a property loss.
    Answered on May 13, 2014
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