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Why does my landlord require me to get renters insurance?

I’m moving to a new apartment and my new lease has a clause that states that I must have renters insurance to live there. I kind of feel like it should be my decision; why is my landlord making me buy renters insurance?

avatar
Natalie Todoroff · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
We know it can be frustrating to feel forced into buying something but, trust us, your landlord is doing so for a good reason.
Having
renters insurance
is beneficial to both you and your landlord. Mandating that tenants purchase renters insurance as a part of the lease agreement can help a landlord avoid liability claims in the event of a covered loss.
Requiring a tenant to have renters insurance can also help your landlord with:
  • Property damage protection
    Having rental insurance can help prevent a tenant from suing their landlord for damaged or stolen personal property if the property in question is covered by their renters policy.
  • Screening potential tenants Purchasing renters insurance can help assure a landlord that you’re able to pay for things on time.
  • Dwelling insurance premiums If your renters insurance policy is covering your personal property, it’s less likely that you’ll file a claim against the landlord’s dwelling policy—which could cause their premiums to increase.
Your landlord doesn’t want to get sued. And, you don’t want to be in a tight spot should anything happen to your apartment. Yes, your landlord is acting in their own best interest here—but it’s a win-win!
The good news? Renters insurance is pretty cheap. The better news?
Jerry
can help you find it. The best news? Using Jerry is a piece of cake! Just download for free from the app store, take less than a minute to answer some questions, and Jerry will seamlessly compile the best quotes from top renters insurance providers.
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WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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