Condo landlord questions insurance requirement

Condo investors may be interested in this question Elizabeth Rhodes recently answered:

My partner and I own a condominium that we rent out. We were recently informed that our condo association has voted to require all renters, including our tenant, to purchase renters insurance. Although we are all for renters insurance, we were wondering about the legality of requiring it, especially in the presence of homeowners insurance purchased by us.

Short answer: It’s legal for an association to require renters to have their own insurance — but it can’t do so directly.

About Matt Goyer

I love condos, lofts, floating homes, new construction and mid-century moderns so much so that since starting this blog in 2006 I've written over 2,000 blog posts about them!

For years I resisted becoming a real estate agent preferring to be a marketing executive at Redfin but after leaving Redfin (after seven years!) I caved in the spring of 2014 and became a broker. So if you need help finding that "Urbnlivn-style" place or selling your home email me at matt@urbnlivn.com, I'd be happy to help you.

Prior to Urbnlivn and Redfin, I worked at Microsoft after graduating from the University of Waterloo with a Bachelor of Mathematics with a major in computer science.

You can also find me on Twitter, @MattGoyer, or LinkedIn.

  • http://www.UrbanAshley.com Ashley

    I actually just ran into this for the first time today…The Pomeroy (2319 1st Ave- Pinnacle Management) requires that all renters have insurance and must provide proof before taking possession!

  • http://www.UrbanAshley.com Ashley

    I actually just ran into this for the first time today…The Pomeroy (2319 1st Ave- Pinnacle Management) requires that all renters have insurance and must provide proof before taking possession!

  • http://www.2200life.blogspot.com EconE

    It’s just plain dumb for a renter *not* to have renters insurance considering it’s so cheap.

  • http://www.2200life.blogspot.com EconE

    It’s just plain dumb for a renter *not* to have renters insurance considering it’s so cheap.

  • kongrit

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