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Updated over 5 years ago on . Most recent reply

Cindy Mastin's profile image
Cindy Mastin's profile image
Cindy Mastin
  • Rental Property Investor
  • from Macomb Township, MI
  • Member since Sep 9, 2018
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Cindy Mastin's profile image
Cindy Mastin's profile image
Cindy Mastin
  • Rental Property Investor
  • from Macomb Township, MI
  • Member since Sep 9, 2018
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Cindy Mastin
  • Rental Property Investor
  • Macomb Township, MI
5
Votes |
27
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Insurance

How much do you require tenant to insure for liability?

Cindy Mastin
  • Rental Property Investor
  • Macomb Township, MI
Posted

How much do you require tenant to insure for liability, hazard (injuries, etc.) not including their personal contents? 50k, 100k, 500k?

I'm reviewing the BP provided Lease Agreement & not sure how much to put in that $_______. I would try to add a photo of the paragraph but I don't see an option to add one here.

TIA!

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Cameron Tope
  • Property Manager
  • from Katy, TX
  • Member since Jan 6, 2015
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Cameron Tope's profile image
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Cameron Tope
  • Property Manager
  • from Katy, TX
  • Member since Jan 6, 2015
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Cameron Tope
  • Property Manager
  • Katy, TX
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Cameron Tope
  • Property Manager
  • Katy, TX
Replied

@Cindy Mastin We recommend (but don't require) our tenants to have insurance, however we make them sign an addendum that they understand the risk of not having it. 

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