The RentLaw.com Renters Insurance Letter
As the landlord you need to protect your investment – your rental property with INSURANCE.
As the Property Owner / Landlord you would purchase a LANDLORDS INSURANCE POLICY.
A LANDLORDS INSURANCE POLICY would normally include such coverages as:
Another IMPORTANT Insurance that will semi-protect you: RENTERS INSURANCE.
WAIT? I am the landlord, I do not need Renters Insurance. You are correct.
We want YOU to REQUIRE YOUR TENANTS TO CARRY RENTERS INSURANCE.
Renters Insurance covers the theft or damage incurred in the TENANT’s UNIT and may, all or in part, cover you, the landlord for damages as well.
That is why we suggest, where permitted by law, to REQUIRE YOUR TENANTS to have RENTERS INSURANCE – before they take possession.
Rates for Renters Insurance may be as low as $4 per month, depending on coverage and location of property covered.
GIVE YOUR TENANTS the RentLaw.com Renters Insurance Letter. Either contact your insurance company or visit one of our preferred RENTERS INSURANCE providers.