Common use of Renter’s Insurance Clause in Contracts

Renter’s Insurance. Resident’s property is not insured by Landlord. Landlord strongly recommends that Resident obtain coverage for Resident’s personal property to protect against personal injury and property damage, including losses from theft, fire, smoke, water damage, and vandalism throughout the duration of the tenancy. Resident is not a co-insured and is expressly excluded from coverage under any insurance policy held by Landlord which is now in effect or becomes effective during the term of this Agreement. A renter’s liability insurance policy such as the one that may be required below, benefits both the Landlord and the Resident. Resident Initials: Resident is encouraged but not required to obtain renters liability insurance. Resident is required to maintain renter’s liability insurance for the benefit of the Landlord and the Resident throughout the duration of the tenancy as specified below. Resident must provide proof of such insurance to the Landlord on demand. Failure to comply with this requirement is a material violation of this Agreement.

Renter’s Insurance. Resident’s personal property is not insured by Landlord. Landlord Xxxxxxxx strongly recommends that Resident obtain coverage for Resident’s personal property to protect against personal injury and property damage, including losses from theft, fire, smoke, water damage, and vandalism throughout the duration of the tenancy. Resident is not a co-insured and is expressly excluded from coverage under any insurance policy held by Landlord which is now in effect or becomes effective during the term of this Agreement. A renter’s liability insurance policy such as the one that may be required below, benefits both the Landlord and the Resident. Resident Initials: Resident is encouraged but not required to obtain renters liability insurance. Resident is required to maintain renter’s liability insurance for the benefit of the Landlord and the Resident throughout the duration of the tenancy as specified below. Resident must provide proof of such insurance to the Landlord on demand. Failure to comply with this requirement is a material violation of this Agreement.