Obligation to purchase insurance
Do we have an obligation to hire a multi-risk home and renters insurance? This is one of the most common questions that may arise when we first rented a house. Unfortunately, it also can be a source of disputes between landlords and tenants, when sometimes the owner has tried to collect insurance on the tenant.
First, it should be clear that the tenant is simply a third party and, therefore, do NOT have to answer or secured by a dwelling that has no property. They are the real owners and stakeholders to be included as policyholders if they are interested in securing your home against fire, theft or any other type of flaw, which are the reasons that usually make the houses. They, the owners are the beneficiaries of insurance and therefore who should pay the annual fee.
It should, however, when renting for the first time, make sure what are the guarantees that the owner is covered because the landlord has no obligation to hire a multi-hazard insurance. We, as tenants, we do have the power to complement the coverage of putting housing according to the landlord if we have the assurance that before any damage in the home, they will respond quickly and not have to walk by contacting with the owner. Similarly, we have the right to purchase insurance only for the content of the home, if they are ours: furniture, etc.
In any case, there is no statutory requirement that the tenant has to bear any home insurance.