CalculateRealEstateROI

Rental Property

Should I require renters insurance?

Yes — require minimum $100k liability with you named as additional interest.

Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice

Direct answer

Yes — require minimum $100k liability with you named as additional interest.

Expanded explanation

Costs tenant $12–20/mo; protects them from personal liability and your asset from cross-claims. Lease enforces; landlord can purchase master policy if tenant fails to maintain.

Examples

  • $150k liability policy at $15/mo named to landlord.

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