Renters Insurance

[Arthur Banks]

I've read some posts on suggesting renters get insurance, but does anyone REQUIRE insurance if the tenant has a charcoal grill on a balcony?

[Jay Oldham]

@Eric Belgau is exactly right. I'm a former insurance agent and I partnered with property management firms and landlords b/c the renters insurance was a win/win. The customer gets his/her property taken care of in the event of a covered peril and the property owner is taken care of in the event the tenant is at fault. With prices starting from $4 up to around $20/mo, it's a no brainer. You can require it, it's additional paperwork to review annually but it's well worth it.