Title: Can I Buy Renters Insurance For My Tenant? | Policygenius
Headings: Can I buy renters insurance for my tenant?
Can I buy renters insurance for my tenant?
A landlord cannot legally buy a renters insurance policy in their tenant's name. However, they can require tenants to purchase a renters insurance policy in order to rent their property.
Key takeaways
Should I buy renters insurance for my tenant?
Partnering with insurance companies
Need coverage?
Can I require my tenant to buy renters insurance?
Additional interested party
What is landlord insurance?

Content: Also known as an additional interest or party of interest, this ensures you will be notified if there are any changes made to your tenant’s policy. If you are an additional interested party on your tenant’s renters insurance policy, you can’t make payments or change the specifics of the policy. By being an additional interested party, you are simply notified or contacted if a payment is missed, if the policy is canceled, or if the terms of the policy are changed. Many landlords require this so they know their tenant’s insurance policy is still active. What is landlord insurance? Although renters insurance can minimize a landlord’s risk, it doesn’t actually offer financial protection for landlords. Some landlords already have homeowners insurance for their property, but if you’re going to rent out your apartment or house, you should purchase landlord insurance in addition to homeowners insurance. Just like renters insurance is financial protection for your tenant, landlord insurance covers your building and your property. Like renters insurance, landlord insurance contains liability coverage, so if someone gets hurt on your property then your landlord insurance can help you pay any legal fees or medical expenses that you are liable for. You’re also protected from income loss, to an extent.