Why You Should Require Renters Insurance

By PropsManager Team | Dec 17, 2025

Why You Should Require Renters Insurance

Many tenants assume the landlord's insurance covers their stuff. It doesn't.

1. Liability Coverage

If your tenant's dog bites the mailman, or if the tenant leaves the stove on and starts a fire that damages the neighbor's unit, the tenant is liable. Renters insurance covers this liability, shielding you from lawsuits.

2. Personal Property

If a pipe bursts and ruins the tenant's TV and clothes, your insurance fixes the pipe and the wall, but not their stuff. Without insurance, tenants often try to blame the landlord. Renters insurance solves this dispute.

3. Relocation Expenses

If the unit becomes uninhabitable due to a fire, renters insurance often pays for the tenant's temporary hotel stay.

4. It's Cheap

Renters insurance is affordable (often $15-20/month). There is little reason for a tenant not to have it.

Conclusion

Make "Proof of Renters Insurance" a requirement before handing over the keys.