I had a question about renters insurance. We have a new “company” that owns are building for a little over a year now and they are requiring us to have renters insurance which is fine but it has to be up to $200,000. If we don’t meet their requirements they will charge an extra $20 on top of your rent and you will be covered by their policy which only covers $100,000. My question is why would they require us to cover over $100,000 more than the one they would provide? Is that normal practice? I can also include the exact letter they sent if it would help y’all give me a better explanation as to why they would do this. Just curious.
Renters Insurance
- Thread starter moongold
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