The answer is yes; as a landlord in Scranton, PA you can require renters to get renter’s insurance. Bartal Insurance recommends making it a requirement in your lease.

You can even require a certain level of coverage, such as $100,000 in liability coverage and $20,000 in personal property coverage.

Why Renters Insurance?

By making renters insurance a requirement, you’ll be helping to ensure that your tenants can replace their belongings in the case of a disaster. This can also reduce the likelihood of legal disputes if your tenant’s personal property is damaged or stolen.

Another reason why renters insurance is important is because it can help reduce your overall risk as a landlord. If a fire or other disaster damages your rental property, your insurance will cover rebuilding or repairing the structure. But if your tenants’ personal property is damaged or destroyed, you may be liable for the replacement cost.

So what should you do if a tenant refuses to get renters’ insurance? First, make sure the requirement is clearly spelled out in the lease agreement. If they still refuse, you may need to consider whether you want to renew their lease when it expires. Another option is to purchase an insurance policy covering the tenant’s personal property, but this can be more expensive than requiring the tenant to get coverage.

Reach Out To Us

As a landlord, requiring renters insurance in Scranton, PA could be smart. Not only does it protect your tenants, but it also protects you from potential liability. By making it a requirement in your lease agreement, you’ll be able to ensure that your tenants are properly covered in case of a disaster. If you have more questions, contact Bartal Insurance today.