How does a landlord benefit if their tenant gets renters insurance?

"The benefit for the tenant is obvious — their belongings are covered. But what benefit is there, if any, for the landlord?

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Answer
“Landlords benefit tremendously if their tenants have renters insurance. The landlord is protected if the tenant damages the property because they can sue the tenant and be paid from the liability coverage on the insurance.
If the tenant is displaced from the home due to a fire or water damage, the tenant is able to take advantage of their loss of use coverage to stay in a hotel; the landlord doesn’t have to pay for this out of pocket. “
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Jackie Whalen
Answered on Apr 08, 2021
Jackie Whalen has been in the insurance industry for over 7 years, working in sales, service and claims. She has won numerous awards as a top salesperson and customer service agent. She currently lives in New York with her husband. Her 24 year old son recently moved out on his own which has given her more time to travel, write and train her dog Maisy not to chase her cat, Whiskey.
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