Renters Insurance - Los Angeles-Brentwood-Mar Vista renters: Listen up!

A renters insurance wake-up call

Consider extra liability insurance, coverage of valuables

By Robert Griswold, Thursday, March 10, 2011.

Inman News™

Q: I have been a resident at an apartment community for several years and I am in the middle of a one-year lease. The property recently changed ownership and the new owner's property management company has just sent me a letter demanding that I double the amount of the minimum coverage for my renters insurance policy.

I don't mind having the renters insurance, as it protects me, but I think that the current minimum of $50,000 is sufficient and I shouldn't have to pay for a $100,000 policy.

Is it legal for my property manager to demand an increase in my minimum renters insurance coverage while my current lease agreement is still in effect with a $50,000 minimum?

via inman.com

It's typical for landlords to require renters insurance and I do not see it deter most renters from renting a house or unit. Most people see renters insurance is in the best interest for all involved.

Posted by Gregory Masi-Los Angeles-Brentwood Real Estate-First Time Buyers-Listings-Realtor-Mar Vista-Homes for Sale-LAHomesAndLife.com-Santa Monica-West Hollywood