Why do some apartments or landlord’s require renters insurance?

Owners of apartment complexes and homes, purchase their own insurance to cover their liability, buildings and personal property.

However, these policies do not cover any of a tenant’s property or liability.

By requiring tenants to have renters insurance, the apartment owner or landlord is assured the tenants will not mistakenly believe the apartment complex owner’s policy will provide coverage for a tenant’s personal property or personal liability.

Every tenant or renter should strongly consider renters insurance regardless of the requirement. Renters Insurance will provide personal liability insurance protection and will provide coverage for your personal property such as furniture, clothing, bedding, linens, dishware, etc. Renters Insurance is very important coverage for both the tenant in case of a loss to their property such as fire, theft, vandalism or other named perils.  Ask an agent for more information.