On a different forum for hosts for >30 night rentals, requiring renters to have renters insurance is discussed.
My rental property insurance covers damage or injury claims against my property. If a hurricane blows it to the ground, I’m covered. However if the guest grabs a few items but leaves their most of their belongings behind, it’s their loss.
In my off season probably 80% of my rental days are 30-90 night rentals.
I’m thinking of stating in the lease they are to maintain renters insurance to cover personal items. It’s cheap usually $60-$100 per year when bundled with car insurance.
What do you think?
I know there are some hard-core, “don’t accept rentals over 28 nights” advocates here. Unfortunately that is not an option for me.
Renters required to maintain own renters insurance-yea, nay, or why care?