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Should Tenants have to purchase extra property insurance?

Is it legal for a rental property owner make a renter purchase property insurance other than the person to purchase renters insurance? I would assume that should say some type of damage to the outside of the property or the building it self would come under the properties owners insurance. Additionally, is it legal for a tenant should they opt out of purchasing extra property insurance for the apt. that they are renting be charged an extra ten dollars a month for this purpose? The company suggest that the amount of coverage be at least fifty thousand dollars.

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Is it legal for a rental property owner to make a renter purchase property insurance other than the person to purchase renters insurance?

-- This question isn't worded correctly, or the rental property owner isn't clear on the laws. To insure property, you must own the property. As a tenant, you may be required by the rental property owner to purchase renter's insurance. This protects the landlord (rental property owner) from any damages inside or outside of the location you're renting. In order to purchase additional property insurance, you would have to own the property, and you don't. You can't insure someone else's property in your name, and then collect off of it, should disaster strike. I couldn't insure my neighbor's house, for instance. The additional property insurance wouldn't be necessary because the renter's insurance covers the renter's belongings and any damages to the rental property, which are caused by the tenant. You wouldn't purchase renter's insurance and separate property insurance. For a renter, they're one in the same.

I would assume that should say some type of damage to the outside of the property or the building itself would come under the properties owners insurance.

-- This is ...

Solution Summary

This solution addresses a tenant insurance question. The answer addresses the legal requirements of tenants being required to carry additional property insurance when renting a business or a dwelling. A thorough discussion is provided, and all pertinent legal issues are included.

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