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Landlord Insurance

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Landlords, Protect Yourselves and Have Your Tenants Purchase Renter’s Insurance

When leasing a house or an apartment to others, I recommended that you have your tenants purchase a renter’s insurance policy. Do not be passive here, no matter how eager you are to find someone to rent your available property. As the house, condo, townhome, multi-family, or apartment building owner, the buck stops with you. You carry the weight of responsibility and are liable for injuries on your property. That is difficult because you rely on your tenant’s (or your tenant’s children’s) judgment to keep you from being exposed. Even the most well-meaning tenant might not be able to prevent…
March 25, 2022
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