Renter's Liability Insurance

[David Perry]

Hello everyone,

Bigger Pockets provided a lease agreement for Arizona which has an option to require the tenant to a include liability requirement in their renters insurance.

I'd like some advice to help me understand if I need to include a liability amount as a requirement and how to adjust this amount for different properties.

Thank you in advance!

-Dave

[Melanie P.]

I believe renter's insurance minimum liability is $100,000. This is sufficient in our view. We require it and have collected a couple of times (tenant caused fire, tenant failed to remove snow and ice and third party had slip and fall).