What should I require from my tenants?

We suggest that all of your tenants be required to carry renter’s insurance for themselves as part of their lease with at least $500,000 in liability coverage. We also suggest that your lease require you to be named as an additional insured. Renter’s insurance is normally inexpensive, and your policy as a landlord provides no coverage for your tenant, which means it is to your tenant’s benefit to carry their own insurance policy.