Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Insurance
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 about 1 year ago on . Most recent reply

User Stats

64
Posts
13
Votes
Aram V.
  • Miami, FL
13
Votes |
64
Posts

Renter's Insurance ???

Aram V.
  • Miami, FL
Posted

Hi! Do any of you require your tenants to have Renter's Insurance? 

Most Popular Reply

User Stats

206
Posts
98
Votes
Kevin Hoag
  • Insurance Agent
  • Cleveland, OH
98
Votes |
206
Posts
Kevin Hoag
  • Insurance Agent
  • Cleveland, OH
Replied

Hey @Aram V. I think it is wise to make your renters carry a policy. This is however depend on the area you are investing in. Here in Cleveland your unit will stay empty if you demand renters insurance. The larger apartment complexes all require it. For your SFH and Multis it is really hard to enforce and track. They can buy it, move in and then 2 months later cancel the policy or stop paying for it and at that point are you going to spend them money to evict them?

  • Kevin Hoag
  • [email protected]
  • 216-505-4677
  • Loading replies...