Do Your Tenants Have A Renters Insurance Policy?


One of the most important things that you can do as a landlord is to require your tenants to have renters’ insurance.

In 2022, renters insurance costs less than an average meal at a fast-food restaurant in the Central Valley, and it offers far more benefits because, if there’s a flood, fire, or disaster hits your rental property, your tenants’ belongings will be covered, and renters’ insurance also protects the best interests of the landlord as well.

Follow Up with Your Tenants Quarterly to Check Their Renter’s Insurance

Besides asking your tenant if they have insurance when they first start renting from you, you should also follow up with them on a quarterly basis to check their policies to confirm that they are still active.

Sadly, some tenants may cancel their policies after they start renting so it’s always best to take the time to follow up with them on a quarterly basis because checking their policies will ensure that they are still being responsible and paying those premiums monthly.

How Does Renters Insurance Work?

Renters insurance is always something that everyone should have because as the old saying goes, it’s better to have it and not need it, than to need it and not have it.

When a tenant files a claim, all they must do is contact their insurance agent to report the claim

In the 2020s, it makes more sense for landlords in the Central Valley to require renters’ insurance because, with wildfires increasing on an annual basis, every tenant should have a insurance policy regardless of if they live in a single-family or multifamily property


Besides requiring tenants to have renters’ insurance, landlords should also have landlord insurance as well to protect their rental properties, and ensure that their best interests are protected in case one of the tenants’ guests has an accident at the property or there’s a fire that damages the property during fire season.

Contact RPM Central Valley

At RPM Central Valley, we specialize in property management for the Central Valley area, to learn more about the services that we can offer you, contact us today by clicking here.