When Tenants Cancel Required Renter’s Insurance
Lots of landlords and property management companies require tenants to hold renter’s insurance. It’s a good idea for these reasons: Fewer hassles for landlords if disaster strikes Provides a layer of protection for the rental property owner Peace of mind that tenants are protected in case of fire or other accidental loss Often, only renter’s [...]
Categories: Landlord Tips, Landlord/Tenant Issues, Requiring Renter’s Insurance, When Tenants Cancel Renter’s Insurance Tags:
What are the Advantages to Requiring Tenant Insurance?
Not every landlord or property management company requires tenants to hold renter’s insurance policies. And according to some reports, the majority of tenants do not have renter’s insurance. What are the advantages to requiring tenant insurance? Are there any disadvantages? First, the cost for renter’s policies is solely borne by the tenant, and is only $15-$20 [...]
Categories: Landlord and Tenant FAQs, Landlord Tenant Issues, Landlord Tips, Rental Property Management, Renter’s Insurance, Requiring Renter’s Insurance Tags: best, company, free, landlord, peace, property, rental, tenant