Insurance Required to Rent?

If you're leasing from an owner in a co-op, it's pretty standard, as many co-ops require the owner (and their tenants) to carry minimum amounts of insurance coverage.

Policy cost is all over the map, depending on your deductible. Cost to increase liability coverage from, say, 500k to 1m is minimal though. Mine, for about that much coverage is around $1200/yr.

Others may disagree, but in this loss-filled and litigious day and age, thorough coverage for your possessions and a large liability policy makes a lot of sense.

I rented in in a condo and it was "required" but the LL told me the condo board never really enforced it. We had renters insurance but not the rest.

I'd walk.

Sonya_D
about 2 hours ago
Posts: 320
Member since: Jan 2013
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I'd walk.

because you are a poor, narrow minded and dumb twat. what if this apartment, in all other aspects, represents a terrific deal for the op?

Awww, don't get so angry!!

(and quit following me around, you're starting to act like a stalker).

CLC0402,
Again, I'd walk.

Hones, you dumb twat, you forgot the hyphen between narrow and minded.

What is the ownership of the unit?

Standard for all our properties (condos). If you like the apt, get it. It's cheap and protects everyone (including the tenant). If you don't like the unit, walk away.

Just another example of the landlord shifting his responsibilities and liabilities onto the tenant.

Don't forget to pay your landlord's real estate taxes too, on top of the rent.

And, even more absurd, pay extra for a bottom-feeding scumbag to replace the simple tasks of a landlord in marketing the property and finding a paying tenant. Can you even imagine?

As a tenant, do you want the apartment managed? Pay 10% or whatever extra for property management!

Sign the petition!

alanhart
about 5 hours ago
Posts: 11591
Member since: Feb 2007
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>Just another example of the landlord shifting his responsibilities and liabilities onto the tenant.
>Don't forget to pay your landlord's real estate taxes too, on top of the rent.
>And, even more absurd, pay extra for a bottom-feeding scumbag to replace the simple tasks of a landlord in marketing the property and finding a paying tenant. Can you even imagine?
>As a tenant, do you want the apartment managed? Pay 10% or whatever extra for property management!

Plus each tenant should be responsible for his own garbage, no shipping it to Yorkville or Harlem: http://streeteasy.com/nyc/talk/discussion/35950-yorkville-or-soha

Do you ever have anything to actually say?

Yes

That says it all, doesn't it?

No

So tell us more.

Your turn.

C0lumbiaC0unty, when you come clean on the many many people you've hurt, I'll consider it my turn.

That's your new information?

What about you?

Why do you exist?

Those are some very deep questions C0C0, shouldn't you consult your pastor, therapist or your mom?

why so many different names?

what are you hiding?

I also have a lease that I might sign that has the same language. The insurance may protect the tenant but it also protects the landlord because they also require you to make them a co-insured.

So it adds a couple hundred dollars a month to the lease?