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| *Loan,banking and credit>>>renters insurance |
Can a landlord require renters insurance in Pennsylvania? |
Can a landlord require renters insurance in Pennsylvania? If you have a lease, that's a contract. If your contract specifies that you must carry renters insurance, then yes. Most landlords do this (and hey, it's about $150 a year, ya know?) because it prevents headaches with tenants later on. Source(s): Agent, 20+ years Landlords can require Renters Insurance anywhere ... the insurance is to protect you in case of damage to the home / apt and/or in case of theft ... if your place gets flooded and you don't have it your out the money not the landlord and because he's requiring it you have to have it to live there and it saves him from a lawsuit. A landlord can require you to carry renters insurance but unlike the comment below, it does not cover you for flood, that is a separate policy. Renters insurance only covers you for a fire (personal property only- aka contents). Its also covers liability so that if you have a guest over and they slip and fall on a small puddle of water in your kitchen and break their neck you are covered in a lawsuit. You landlord should carry his own Liability insurance which is on the commercial side (completely different then what you would carry) well, actually it covers you for more than fire. it covers theft, which in my opinion is big reason for you to want to carry renters insurance. it is really inexpensive, so its worth it to cover your belongings i am an agent Yes. It is to protect their place as well as your items. |
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