Re: Renters insurance - Landlord Forum thread 317897

Re: Renters insurance by Micah on April 24, 2014 @12:11

I build the renters insurance into the rent. I send them down the street to my insurance company, they sign the paperwork, I pay for it. That way I know that it is always valid. Otherwise they could sign up for a month and cancel it or let it lapse...

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Re: Renters insurance by lise up-north (NY) on April 24, 2014 @12:31	[ Reply ]

I wanted to do it, and my insurance agent told me this is illegal. I have to look at it more closely for the next tenant. Thanks. This is the best idea

Re: Renters insurance by Micah on April 24, 2014 @12:45	[ Reply ]

It's not illegal for you to pay for it. They go in and fill out all of the paperwork and you send the insurance company a check once a year... You are not taking it out for them, you are just paying for it. It's the tenant's policy.

Re: Renters insurance by Lise up-north (NY) on April 24, 2014 @13:11	[ Reply ]

Yes, I understand and I will do this with all my now tenants from now on. Thanks a lot

Re: Renters insurance

Re: Renters insurance by anonymous on April 25, 2014 @02:31	[ Reply ]

Any guesses on what percentage of landlords require renter's insurance? 10%, more?