My Son's apartment complex has changed management recently. He received notice the other day that from this day forward, all new leases and renewals will be required to show proof of renter's insurance. I'm at a loss as to why they would require all tenants to carry renter's insurance. Doesn't that just cover personal belongings of the insured? And probably some liability coverage for guests, visitors, and trespassers too.
I've never heard of that before. How does it benefit the management?
I've never heard of that before. How does it benefit the management?