Which Key Secret Answers Why Apartments Require Renters Insurance

Why Apartments Require Renters Insurance

The primary reason apartments mandate renters insurance is to mitigate risk. Landlords want to ensure that tenants have a safety net in case of accidents or damages. This requirement not only protects the tenant's possessions but also reduces potential liability for the landlord. For instance, if a fire damages multiple units, having renters insurance means tenants can recover their losses without resorting to legal action against the property owner.