Re: Renters insurance - Landlord Forum thread 317901

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

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

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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 by Micah on April 24, 2014 @13:13	[ Reply ]

It's a nice selling point too. They think they are getting free renters insurance (most tenants think it's much more expensive than it really is), but you are actually just building it into the rent.

Re: Renters insurance