Requiring Renters Insurance in the Lease
So I am currently working to close on my first Duplex and called for property insurance. The insurance company recommended that the renters get renters insurance, and that it should be on the lease. I'm not sure if that's just an up-sell, but being a renter myself, I've never heard of it being a requirement, and listening to majority of the podcast, I haven't heard it mentioned it.
What are your thoughts? Do any of you guys require renters insurance?
Most Popular Reply
@Naftali Tolibas yes, as do most landlords that you will hear from on here. Theres not much to it. My tenant pays $112 a year for renters insurance. It protects you and it's only a couple bucks extra a month for them. They will have no problem paying it (Or shouldn't).