Your landlord wants you to have renters insurance because it makes paying for accidents that happen on your rental property much easier. If you have renters insurance, it eliminates the question of, “Who is responsible for paying for this disaster?” Because the answer is (most of the time): you are. And your landlord doesn’t want to get involved.
Your landlord’s homeowners insurance won’t cover you if someone gets injured on your rental property and sues you, or if your personal property gets damaged or stolen. Many tenants aren’t aware of this, which can cause difficult disputes with their landlords.
However, if you have renters insurance and disaster strikes, the insurance company will cut you a check for the damages, and the issue will be settled. You’ll be much less likely to call up your landlord and ask them to help you pay, even though they have no responsibility to do so anyway.
