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Updated over 3 years ago on . Most recent reply
Renters Insurance Cost
I’m about to close on my first investment property, is renters insurance generally covered by the owner or the tenant? I’ve heard it go both ways but not sure why. Anyone have any suggestions?
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Greg M.
#2 General Landlording & Rental Properties Contributor
#2 General Landlording & Rental Properties Contributor
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Greg M.#2 General Landlording & Rental Properties Contributor
#2 General Landlording & Rental Properties Contributor
- Rental Property Investor
- Los Angeles, CA
It is paid for by the tenant as it protects them. The owner has landlord insurance.
Require that the tenant lists you as Additional Interest on the policy so you get notification of changes to it.