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'm the publisher of Urbnlivn and a real estate agent. I love lofts, floating homes, new construction and mid-century moderns but will help you buy or sell just about anything.
Get in touch to:
• Understand the market
• See homes for sale
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Contact Matt matt@urbnlivn.com / 206-618-1600

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  • 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

    Excellent site,Might be old new, but it was new to me. I will be sure to check out your blog more often.Just subscriped to your RSS feed..Thanks.ie