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As a landlord, requiring tenants to have renters insurance can provide additional protection and peace of mind, but it may also introduce potential challenges. Renters insurance covers tenants ...
Alabama. Renters insurance coverage to prioritize: Personal property coverage (standard in most policies) Alabama has a high burglary rate — and a high violent crime rate in general. If you have ...
No law requires you to have renters insurance. Still, some apartment complexes or individual landlords could mandate it and specify minimum amounts of personal liability coverage you must carry ...
Renters' insurance, often called tenants' insurance, is an insurance policy that provides some of the benefits of homeowners' insurance, but does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure.
Landlords often face the challenge of deciding how much renters insurance to require from tenants. A common recommendation is to ask for a policy that includes at least $100,000 in liability coverage.
Normally, 'Landlord Rent Guarantee Insurance' is combined with 'Legal Assistance Insurance' whereby a landlord's legal costs of recovering rent and/or evicting a non-paying tenant are covered. Generally, the insurance payout starts only after one month, which does not always offer landlords adequate protection, thus decreasing the supposed ...
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