ST Alpha - "Our apartment complex is now asking us to get renter's insurance with them listed on the policy. Has anyone here ever had this happen? -- nm" (Reading a Post)

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Our apartment complex is now asking us to get renter's insurance with them listed on the policy. Has anyone here ever had this happen? -- nm

Posted by David (aka David) May 10 '10, 11:20

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Responses:

for my clients who are land lords, we actually have a special lease addendum for them to add that requires the tenant to carry coverage - JenBro May 10, 11:49
They're the #1 suspects if you turn up in a trunk of a car. -- nm - Mop (220 lbs) May 10, 11:40
Only reason I can think of, that would be legit, is that they might be notified of policy cancellation -- nm - scorpion May 10, 11:30 1
- But there is no legal reason they should care. -- nm - Nightcrawler May 10, 11:32
Nope, never. That seems very odd to me. -- nm - Stephen May 10, 11:29
Run it by your lawyer. Having the insurance is a good idea, but it's meant to protect your property not the dwelling. -- nm - TWuG May 10, 11:25 5
- renter's insurance is content insurance. The landlord needs building insurance, afaik, which is different. -- nm - Beryllium May 10, 11:29
- That is my point below. If the ceiling collapses it is your landlord's responsibility to replace your damaged belongings but if they are named I - Nightcrawler May 10, 11:27 3
  - we have to have liability insurance for 1 million per our lease. -- nm - Andie May 10, 11:32 2
    - Canada may differ, but at least in Indiana liabilitty falls on the owner, regadless. -- nm - Nightcrawler May 10, 11:33 1
      - i was never required to have it before, just here. -- nm - Andie May 10, 11:34
never. that is weird. -- nm - loosilu May 10, 11:23
Never. I mean, having it is great and I endorse it, but I don't know why it would be mandated or have them listed on it. -- nm - TFox May 10, 11:23
I'm not sure why you would list them.... you're not covering their property. -- nm - scorpion May 10, 11:22
why would they need to be listed on the policy? - znufrii May 10, 11:22 10
- That's why I'm asking. -- nm - David May 10, 11:22 9
  - we have to do this when we rent film equipment. you just get a 'named insured certificate', it shouldn't even cost anything. - Andie May 10, 11:31
  - My first paranoid thought is elaborate scam. -- nm - Reagen May 10, 11:23 7
    - the only thing I can think of is it's their way of trying to get around having to carry liability insurance. -- nm - znufrii May 10, 11:24 4
      - That wouldn't work, but I could see them trying to get the renter's insurance to split costs on some losses. -- nm - Nightcrawler May 10, 11:25 3
        
        but my renter's covers only my possessions, none of theirs, so I don't see how that works. -- nm - loosilu May 10, 11:26 2
        
        See above. -- nm - Nightcrawler May 10, 11:27 1
        
        Your nickname, while neat, is really throwing me for a loop today :) I think I keep mistaking you for Nitemare or something. -- nm - Beryllium (iPhone) May 10, 11:42
    - Yup. -- nm - scorpion May 10, 11:24
    - That's why I'm asking. -- nm - David May 10, 11:24
No. And I sorta do that for a living. Call your agent (if you have one) andd see what they think. -- nm - Nightcrawler May 10, 11:22
I've been required to get a policy, but never to have the landlord listed -- nm - decline May 10, 11:21 1
- yep. -- nm - b. May 10, 11:43
I can't for the life of me imagine why. -- nm - Reagen May 10, 11:21

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