Can a Landlord Require Renters Insurance?

Landlord Holds Keys to Rental PropertyWhile approximately 95% of homeowners in the U.S. have homeowners insurance, only about 57% of renters have renters insurance. Unlike car insurance, here in Massachusetts, renters insurance is not required by law. And although the benefits of having renters insurance are various, with policies starting at very low premiums, many still choose to go without in order to save a few dollars a month. But wait—not so fast. Even if it’s not a government mandate, landlords often ask that their tenants do make the investment. This begs the question: Can landlords be the ones to require renters insurance?  [Read more…]

Debunking 5 Common Renters Insurance Myths

A close of the header of a renters insurance application on top of a desk next to a pair of keys, glasses, a pen, a calculator and one-hundred dollar bills.If your landlord doesn’t require you to have renters insurance, wouldn’t it just be better to pocket the expenses? What sense is there in investing in an insurance policy when living in an apartment, house, or duplex owned by someone else? Unfortunately, there are a lot of misconceptions about renters insurance that result in residents not obtaining proper coverage for their belongings, leaving them vulnerable to severe financial repercussions. That’s why it’s important to debunk these common renters insurance myths. [Read more…]