Updated over 8 years ago on . Most recent reply
Renter's Insurance Question
What policy requirements do you have for your renters? Thanks for the input!
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Jason Bott
#2 Insurance Contributor
Pro Member
#2 Insurance Contributor
- Insurance Agent
- Nationwide
@Allison Herge all insurance companies prefer that you require renters insurance in your lease; some make it a requirement to get a quote from them.
The tenant should have renters insurance with a minimum liability limit of $300,000. This can provide an extra level of protection for you against liability claims from their guests. The renters insurance can also provide possible coverage for damage to your building if the tenant is found negligent.