Success/Sob Stories with Renter's Insurance

[Kevin M.]

Hi BP,

I am a property manager interested in learning about other manager/landlord experiences with their tenants' renters or rental insurance. I understand the benefit from the tenant's side- but am specifically asking about LL/PM protection. I would like to learn about three types of scenarios that would seem to be of great benefit to a LL/PM if a tenant held renters insurance;

• 
  Situation A (property damage): Tenant causes damage to LL property in excess of security deposit. Leaves a bathtub on and overflows through flooring and unit below. $10k in damages.
• 
  Situation B (pet liability): Tenant's dog bites a passerby on the sidewalk. Tenant, PM, and LL are named in a lawsuit
• Situation C (general liability): Tenant negligently fails to shovel snow from in front of the SFH in violation of the lease agreement and a passerby slips and falls. PM and LL are named in a lawsuit.

Can any PM, LL, or insurance professionals chime in with specific examples of anything like the above? Did you file a claim with your carrier first? Did you file with tenant's insurance company and with what result?

Again- I recognize the benefits of these policies in theory but I'm looking for real life examples of how it actually plays out.