Requiring renters insurance in a lease costs an owner nothing and moves real exposure off their policy. Most owners require it and almost none verify it, which makes the clause decorative.
A lease clause is a promise. A certificate naming you as interested party is evidence.
Three things about tenant insurance you actually enforce.
A clause demanding renters insurance is standard and widely ignored. Unless a certificate is produced at move-in and the cover is maintained, the clause does nothing at the moment it matters. Asking for proof is the difference between a requirement and a sentence in a document.
Where the owner is listed as an interested party on the tenant’s policy, the insurer notifies you if it lapses or cancels. That turns an annual promise into ongoing information, and it costs the tenant nothing to arrange.
A tenant with liability cover means a fire they cause is pursued against their insurer rather than falling entirely on yours, and their belongings are their insurer’s problem rather than an argument with you. Both outcomes protect your claims history, which protects your premium.
Making the lease clause real.
Set a liability figure rather than leaving it open.
The step that turns the clause into protection.
It is how you find out about a lapse.
Tell us whether your leases require tenant cover and whether you collect certificates.
We will draft the clause and tell you what to ask tenants for.
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