The reason that this is such risky business is that because you – as the home owner have insurance and your renter does not, you are now responsible for them.  The reason is because they are under your home and under your roof.  A lot of landlords nowadays are not even allowing their tenants to rent without renter’s insurance.

This should certainly be your policy as well, as they can definitely sue you for the damages that they reap if they do injure themselves.  For my fall … I am fine, I am not going to sue but from now on – I am going to ensure that I get renters insurance so things like this are covered.

Stats have shown that over 58% of renter’s do not have insurance … that needs to change and it all starts with you!

In this blog, we have talked a lot about real estate and the market itself and we have also given you tips and tricks as a real estate agent as well as a buyer or renter.  With that being said, we are now going to talk about something very, very important … home insurance.

If you are a landlord and you are renting out to someone either a room or even an entire apartment, you might want to ensure that they do have renter’s insurance.  This can actually really harm you if they do not have renter’s insurance.

Recently … as of Sunday actually, I fell down the stairs of my rental home.  Now – I personally do not have renter’s insurance.  If I wanted to, because I am not covered and the landlords are – I can actually sue them because I fell down the stairs.  Now … I am not going to do that because I am fine, but what would happen if you weren’t fine?  More on this in the next blog!