Can A Landlord Force You To Get Renters Insurance?
12689 POINTSview profileTed RatliffOwner, SFS Associates,A landlord has the right to require you to carry Renters Insurance. This is a protection for the landlord in the event of a liability lawsuit. There is no law prohibiting a landlord from including this in their lease and it would be a breach of that lease agreement should you fail to comply.Answered on June 27, 2013flag this answer
225 POINTSview profileBen GuttmanSales Manager, Midtown Insurance Group, Baltimore,MDI agree fully with Ted's answer above. In my lease it actually has a penalty ($30) for every month you do not show proof of insurance! As an agent that deals with many Renters, I urge them to get coverage because I have seen what happens without it. I had a friend lose the stone in their engagement ring 3 weeks after they got it and they had no coverage!Answered on June 27, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaA landlord is not obligated to rent to you. In most cases you make application to rent. It is not a matter of meeting some legal requirement. If the landlord requires you to have a renters policy as a requirement to rent from him, that is your decision. If you decide you don’t want to purchase the policy, he can decline to rent to you.Answered on May 7, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! A landlord cannot force you to purchase a renters policy, but he can make it a condition of renting the apartment - you don't have one, you don't get the apartment. I know that may not seem fair, but the landlord is really trying to protect both you and him. It really is a good thing to have it, (and it is not very expensive, you can expect to generally expect to pay around $20 a month), and is well worth it if you ever have damage to your apartment or are a victim of theft . I hope that helps! Thanks for asking!Answered on May 8, 2014flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482Yes, a landlord can in fact require you to have Renters' Insurance as a condition of offering you a lease, this is pretty common practice. As a property owner they are within their legal rights to establish fair and equitable standards and best practices that must be followed equally with each and every applicant with whom they work. It is not unreasonable at all to make insurance a requirement to protect both their property and financial interest and responsibility.Answered on May 8, 2014flag this answer
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