Why Does My Landlord Want Me To Have Renters Insurance?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaI think that there are two reasons. The landlord wants you to understand fully that he is not responsible for your personal property that is in the rental unit. He is saying, if there is a fire and your things are destroyed, you are responsible, not the landlord. The second reason is liability for personal injury and property damage. If someone is injured in the unit you are responsible and need insurance to protect yourself.Answered on May 28, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! There are a couple of reasons, one that favors you, and one that favors them. They want you to have renter's insurance because it provides you with protection in the event that something were to happen that might cause you to suffer a loss of property. It also protects them, as it helps lower their insurance risk, and thus their bill. Thanks for asking!Answered on May 28, 2014flag this answer
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