Additional Insurance for Garage Storage Rental?

[Alan Asriants]

Hey BP!

I had a client recently ask me about this and it seemed to be a pretty good question . I have a duplex where I rent out the garage and in my lease I state:

“Tenant understands that Landlord does

not provide any security alarm system or other security for the Premises. Tenant’s vehicle

or other possessions will occupy the parking space entirely at the risk of the Tenant.

Tenant releases Landlord from any loss, damage, claim or injury resulting from any

casualty.”

Should the tenant or I have additional insurance for a Garage Storage unit?

Thank you!