Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

120
Posts
16
Votes
Carrie A.
  • Dubois, IN
16
Votes |
120
Posts

your take on renters insurance?

Carrie A.
  • Dubois, IN
Posted
What's everyone's stance on having their renters carry renters liability insurance?

Most Popular Reply

User Stats

9,830
Posts
15,801
Votes
JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
15,801
Votes |
9,830
Posts
JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

We recommend it but realize that most don't get it, and if they do get it there's nothing to keep them from cancelling it or failing to renew. Unless you are going to take action on tenants that do not get it, I wouldn't make it an actionable issue. Sometimes it is going to depend on your market; I live in an area where probably 50% of homeowners don't have insurance, so to expect that renters are going to keep up on something like that is laughable. 

Personally, I don't care if they carry it or not. I have excellent insurance, and if the tenant does something and my insurance has to pay, they are going to go after the tenant to abrogate their losses. If the tenant doesn't have any insurance, well, they'll have to deal with the insurance company in court. If the tenant suffers a loss because they don't have insurance, well, that's really too bad for them. Either way, I'm not going to get into the business of carrying out evictions over renter's insurance. 

business profile image
Skyline Properties

Loading replies...