Why landlord is asking for a rental insurance?

Why landlord is asking for a rental insurance?

I am renting an apt in West virginia (huntington) and been asked by my landlord to provide a mandatory rental insurance before move in date, why is that?as I have never paid that before. Thanks.

jess

it literally covers everything of yourself inside the sheetrock. it is your personal property covered, the building itself is covered by the landlord's insurance. The coverage also applies if the lady next to you or downstairs starts a fire, all your stuff will be covered. It makes sense when you think about your TV, computers, glassware etc. Like others have said, it is really cheap annually and some but not all car insurance carriers also provide renter's insurance, which does create discounts. Just be sure before you sign a policy you know which personal items are covered, in case you need extra coverage for certain items or other unique circumstances.Source(s):studying for prop/casualty license

trixibel

Because....alot of times when people are renting and something happens they try and hold the landlord responsible...Even when by law it is the RENTERS responsibility...it's just a precaution on his part to save himself a big ole headache..like if a tornado blows the place away and all your belongings...some people may feel it's the LANDLORDS responsibility to replace those things....even though it is not. He's making it mandatory so he will know you actually have it instead of lying...I actually would do that if I had a rental property...and he has the prerogative to rent to whomever he wants....anywayzzzz..rental insurance is super cheap...an it is def. worth it.

Anon012

I've been noticing more and more apartments requiring rental insurance within the past year. I'm assuming the reason why they're requiring this is to cover their "behinds" if something was to happen.To understand what I mean by this, you need to know a little bit about insurance. I'll do my best to break it down for you and hopefully you'd understand why they're requiring you to get insurance.For all rental type properties, the owners buys insurance for the building. This only covers the building itself and not the things inside the building unless the owners actually own the things inside of it. What this means is that, if the apartments get burnt down due to fire, your belongings aren't going to be covered under their insurance policy, no matter what the reason is for the start of the fire.When there is damage to your things whether it's because of a fire, plumbing reasons, someone broke into your apartment and steal or break your things, the apartment is not responsible for it.You can imagine how MANY people might be angry with this for reasons such as the apartment should have had better security or pay you back for a fire you didn't cause. People think that it's the responsibility of the apartment building owners to pay for damages to your things not done by you. This isn't true. They're not required by law to cover your belongings. Actually, I don't think there is an insurance policy out there that would allow them to pay for your damages even if they wanted to.But long story short, having you buy rental insurance is really for your protection and benefit and it doesn't cost that much. Most rental insurance can be anywhere between jess

it literally covers everything of yourself inside the sheetrock. it is your personal property covered, the building itself is covered by the landlord's insurance. The coverage also applies if the lady next to you or downstairs starts a fire, all your stuff will be covered. It makes sense when you think about your TV, computers, glassware etc. Like others have said, it is really cheap annually and some but not all car insurance carriers also provide renter's insurance, which does create discounts. Just be sure before you sign a policy you know which personal items are covered, in case you need extra coverage for certain items or other unique circumstances.Source(s):studying for prop/casualty license

00-400 a YEAR depending on how much stuff you keep in your apartment. That's about jess

it literally covers everything of yourself inside the sheetrock. it is your personal property covered, the building itself is covered by the landlord's insurance. The coverage also applies if the lady next to you or downstairs starts a fire, all your stuff will be covered. It makes sense when you think about your TV, computers, glassware etc. Like others have said, it is really cheap annually and some but not all car insurance carriers also provide renter's insurance, which does create discounts. Just be sure before you sign a policy you know which personal items are covered, in case you need extra coverage for certain items or other unique circumstances.Source(s):studying for prop/casualty license

0-30 a month to cover all of your things!On top of that, you get a discount on your auto insurance premium (so per 6 months) that might even cover the cost of the rental insurance! Meaning, it make take off jess

it literally covers everything of yourself inside the sheetrock. it is your personal property covered, the building itself is covered by the landlord's insurance. The coverage also applies if the lady next to you or downstairs starts a fire, all your stuff will be covered. It makes sense when you think about your TV, computers, glassware etc. Like others have said, it is really cheap annually and some but not all car insurance carriers also provide renter's insurance, which does create discounts. Just be sure before you sign a policy you know which personal items are covered, in case you need extra coverage for certain items or other unique circumstances.Source(s):studying for prop/casualty license

00 on your auto policy, and with that jess

it literally covers everything of yourself inside the sheetrock. it is your personal property covered, the building itself is covered by the landlord's insurance. The coverage also applies if the lady next to you or downstairs starts a fire, all your stuff will be covered. It makes sense when you think about your TV, computers, glassware etc. Like others have said, it is really cheap annually and some but not all car insurance carriers also provide renter's insurance, which does create discounts. Just be sure before you sign a policy you know which personal items are covered, in case you need extra coverage for certain items or other unique circumstances.Source(s):studying for prop/casualty license

00 you just saved, you can use it on your renters insurance which will probably be close to that jess

it literally covers everything of yourself inside the sheetrock. it is your personal property covered, the building itself is covered by the landlord's insurance. The coverage also applies if the lady next to you or downstairs starts a fire, all your stuff will be covered. It makes sense when you think about your TV, computers, glassware etc. Like others have said, it is really cheap annually and some but not all car insurance carriers also provide renter's insurance, which does create discounts. Just be sure before you sign a policy you know which personal items are covered, in case you need extra coverage for certain items or other unique circumstances.Source(s):studying for prop/casualty license

00 you just saved.Source(s):training insurance agent

mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for $100 a year, will give you MORE than a $100 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 a year, will give you MORE than a mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for $100 a year, will give you MORE than a $100 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 a year, will give you MORE than a mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for $100 a year, will give you MORE than a $100 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 a year, will give you MORE than a mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for $100 a year, will give you MORE than a $100 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 a year, will give you MORE than a mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for $100 a year, will give you MORE than a $100 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 a year, will give you MORE than a mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for $100 a year, will give you MORE than a $100 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 a year, will give you MORE than a mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for $100 a year, will give you MORE than a $100 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 a year, will give you MORE than a mbrcatz

Well, his insurer is probably requiring it.It's a good idea, anyway, because HIS insurance won't pay for YOUR stuff. You need your own insurance to cover your stuff. With him requiring it, it will mean you won't hassle him, if the building burns down and you're uninsured.Plus, it's cheap. If you have car insurance, it's likely that getting renters insurance, for $100 a year, will give you MORE than a $100 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

00 discount on your car insurance - making it actually LESS to carry both policies, than just the car insurance.

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