Check with your insurance agent. Obviously they are going to want to sell you something. But from a liability stand point I wouldn't want to be caught without the correct insurance in this sue happy age.

 

I didn't bite any ones head off I was making a clarification . Nobody is required to have renters or homeowners that is all

 

Kinda came across that way.

 

When I rented an apartment years ago (8 years to be exact) the landlord required all renters to have renters insurance. I dont think its a state law in Ohio but may very from complex to complex

 

Ya kinda hard to get the feel of someones statements on a board . Sorry if it looked that way

 

Bottom line is the land lord needs to have the appropriate insurance for the rented property. Don't hope it it OK, know it it OK.

You can always purchase an umbrella policy for additional coverage. An additional 1M only cost $165 in Kansas.

 

that is why Dorothy uttered that famous line after opening a New York state insurance quote.....

Kansas must have all nice people. I have a volunteer indemnity policy for 1M that costs twice as much. you don't want to know what buildings go for and this from an agency that regularly insured Bill Clinton from bimbo eruptions...

 

Homeowners insurance is for owner-occupied single-family dwellings; Dwelling Fire insurance is for tenant-occupied single family dwellings (both forms of insurance is purchased by and to the benefit if the property owner and/or mortgagee). HO covers the house, personal property, liability and guest medical. DF covers the house and landlord's liability. Mortgagees always require that the house be covered by an appropriate insurance policy. Dwelling Fire coverage, at least in Cali, is less expensive than a Homeowners- mostly because a DF policy doesn't cover any personal property.

Renters or tenants insurance is purchased by and for the benefit of the tenant- it covers the tenant's personal property, liability and guest medical. It does not cover the house. It's not mandated by any state or city, but a smart landlord will require the tenant to carry it and have the landlord named as an additional insured.

 

You don't want a dwelling fire policy. They are typically limited perils and do not automatically include liability. Get a decent Landlord's policy. The liability does not cover the tenant, it covers you if someone were to suffer damages due to YOUR negligence. You may not live at the property but you own it and are responsible for maintiaing it. Someone trips over a sidewalk that settled = YOUR liability, not the tenants. Just another insurance agent's POV.

 

Bottom line..........get with an insurance agent you trust and cover your butt.