Can a landlord require renter’s insurance? We know now that they can, but you don’t have to choose a landlord that does. While it is becoming more commonplace, there’s still a long way to go before a landlord requiring renter’s insurance
is mainstream, so decide for yourself if you want to be a tenant for someone that makes that a requirement. However, an important thing to note is that your possessions are not protected by your landlord’s home insurance, even if they don’t require that you pay renter’s insurance. Ultimately, the renter’s insurance is for your benefit, so some landlords need you to have that reassuring liability. After all – there’s no telling what can happen, so it’s always best to stay prepared. Plus, renter’s insurance is typically very affordable, being only 10 or 15 bucks a month for most tenants. Even if renter’s insurance is required in your next home, it won’t be a deep-seated expense out of your wallet each month.