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Even if you have the best landlord insurance policy available, it is still essential that your tenants are covered. Not only will having a sound Renters Insurance policy benefit tenants, but it is also in the best interest of landlords. Let’s dive into why. Renters Insurance provides a full spectrum of coverage for many more common than you think occurrences. Here is a brief overview of what is covered and how it differs or supplements a landlord policy.
And the best news of all is Renters Insurance is very affordable. Lucas Hall, founder of Landlordology.com recommends landlords require tenants in the lease to get a minimum of $100,000 in liability coverage and $15,000 in personal property coverage. To learn more about the benefits of Renters Insurance visit Cozy.co. To learn more about landlord insurance, visit our Insurance Page.