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When it comes to determining how much renters insurance a landlord should require, there is no one-size-fits-all answer. Landlords often consider the value of the tenant’s possessions, the ...
May increased tenant turnover: If renters insurance is required in a competitive rental market, some tenants may choose to rent from properties that don’t enforce this requirement. This could ...
Though renters insurance is not required by law in any state, some landlords do require that their tenants have it. There are different types of renters insurance, and what you need could, in part,...
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' insurance policies typically do not cover any personal property belonging to tenants, or otherwise protect the interest of tenants; although a liability policy protecting a landlord or property manager will be of benefit to tenants should they incur a loss for which the landlord is responsible.
Rent guarantee insurance is a form of underwriting through which landlords can be protected against loss of rent if the lessee defaults. Globally, most firms offer this protection through regulated insurance companies, to ensure that the provider can make good on promises of payment.
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