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Updated about 11 years ago,
How much renter's insurance should tenants carry?
I tried searching around here but couldn't find a good answer.
I will be contacting my insurance company to switch my current insurance to a rental property vs. my primary home.
My renter has agreed to carry renters insurance, but asked how much he should get the policy for -- good question, I'm not sure how it's supposed to work. He said there was an amount for liability and for personal; currently has a quote at $100K liabilty/30K personal. IIRC, my property was valued at ~$200K, with the house costing ~$160K to rebuild, according to the last thing I got in the mail.
Thank you.