Why Landlords Require Renter’s Insurance

If you’re a renter, you’ve likely seen the clause in your lease: renter’s insurance required. At first glance, this may seem like just another rule or extra cost. But from a landlord’s perspective, it’s an essential part of responsible property management—and more importantly, it benefits you just as much as it benefits us.

Here’s why we—and many landlords across the country—require our tenants to carry renter’s insurance.

1. Your Belongings Aren’t Covered by Our Insurance

One of the most common misconceptions among renters is that the landlord’s insurance will cover their personal items in the event of a fire, flood, or theft. Unfortunately, this isn’t true.

As landlords, our insurance only covers the structure of the building, not what’s inside your unit. If your laptop, TV, furniture, or clothing is damaged or stolen, you’d have to replace everything out-of-pocket—unless you have renter’s insurance.

2. Renter’s Insurance Protects You from Liability

Accidents can happen. If someone slips and falls in your unit, or if you accidentally cause damage to a neighbor’s property (think: water from a leaking appliance or an unattended candle), you could be held liable.

Renter’s insurance typically includes liability coverage, which helps cover medical bills or legal costs if you're found responsible for damage or injury. This provides peace of mind—for you and for us.

3. It Minimizes Conflict and Disruption

In the event of a fire, storm, or other unexpected incident, emotions can run high. Renter’s insurance ensures that tenants have the means to recover quickly without looking to the landlord for reimbursement for personal losses.

This leads to fewer disputes, faster resolutions, and a smoother experience for everyone involved.

4. It Keeps the Community Safer and More Stable

When every tenant is protected, the entire property is more resilient. With coverage in place, tenants are less likely to abandon a lease after a loss, and landlords can coordinate with insurers more efficiently.

Many landlords also ask to be listed as “Additional Insured” or “Interested Party” on the policy—not to claim against it, but to be notified if coverage lapses or is canceled. This ensures that everyone is on the same page and protected throughout the lease term.

5. It’s Affordable and Easy to Get

The best part? Renter’s insurance is extremely affordable. In most areas, basic policies start at less than $20 per month. For the price of a pizza, you can protect thousands of dollars’ worth of property—and gain liability protection, too.

Final Thoughts

Renter’s insurance isn’t just a box to check—it’s a smart, responsible step that protects tenants and landlords alike. By requiring it, we’re not just enforcing a policy—we’re encouraging a safer, more secure community for everyone.