Renters insurance mandatory

[Randy Wiley]

Can you make it mandatory for your renters to carry rental insurance? So if they are found to be negligent it goes against there policy and not just yours?

[Patricia Steiner]

Yes; my clients and I (as an investor, as well) require all tenants to carry renter's insurance "with landlord as additional insured."  It's critical coverage especially in the case where pets are permitted and/or with washer/dryer/dishwasher in units that can often enough be overloaded and leak/flood.  I don't recommend leasing without it and the cost for the tenant is minimal.