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View Diary: The price of doing bidness (211 comments)

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  •  Actually what we'd need to see here is (0+ / 0-)

    the text from an actual lease where it requires the tenant to purchase renters insurance to cover the owner's dwelling. Then we'd check it against the state or local statute to see whether or not it's legal.

    And nobody is saying owners can't recover damages from tenants...

    The owner's homeowner insurance company will pay for damages caused by a tenant - but will then seek to recover those costs from the tenant. Just because the landlord has insurance doesn't mean tenants aren't liable for damage they cause.
    Let me be clear--what's at issue here is whether a dwelling owner can require a tenant to buy renters insurance to cover damages to a dwelling that the tenant does not own.

    The diarist indicates that the renters insurance was a requirement to executing a lease, and that insurance was specified not to cover the tenant's belongings but the owner's dwelling.  That is either mis-stated or mis-understood, or else it's illegal as hell.

    As always, California may be an exception--but again, we'd need to see the wording of the lease and check it against state or local law.

    "The “Left” is NOT divided on the need to oppose austerity and the Great Betrayal. The Third Way is not left or center or even right. It is Wall Street on the Potomac."--Bill Black

    by lunachickie on Sun May 05, 2013 at 12:22:59 PM PDT

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    •  Why would it be illegal? (0+ / 0-)

      If you cause significant damage to a building it would probably extend well beyond your own unit.

      In CA a landlord can set the minimum amount of coverage for his property and can even require that the property owner be named among the insured.

      Googling "require renters insurance" (in quotes) and "your state" should get you a local answer. From what I've read most states allow the practice and it has become common enough in large complexes so that software companies now offer packages to landlords that track tenants' insurance policies (expiration date, etc) along with all the other stuff.

      •  Again (0+ / 0-)

        do we have a lease that actually uses such language? That would clear this up nicely.
         

        "The “Left” is NOT divided on the need to oppose austerity and the Great Betrayal. The Third Way is not left or center or even right. It is Wall Street on the Potomac."--Bill Black

        by lunachickie on Mon May 06, 2013 at 10:13:56 AM PDT

        [ Parent ]

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