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

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • 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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