Common use of Required Renters Insurance Policy Clause in Contracts

Required Renters Insurance Policy. You are required to purchase and maintain a renter’s personal liability insurance policy which provides limits of liability to third parties in an amount not less than $100,000.00 per occurrence through an insurance company or insurance agent authorized to issue insurance in this state. Such insurance policies are often referred to as “renter’s insurance policies or “liability-only insurance policies.” Most renter’s insurance policies contain personal liability coverage and also personal property coverage for your own property. You are only required to have personal liability insurance, however we highly recommend that you obtain coverage for your personal property too. Personal property coverage protects your property in the event of theft, fire or weather-related loss to your property. Every leaseholder is required to present proof of personal liability coverage. The policy must identify Insurance Tracking, X.X. Xxx 000000, Xxxxx, XX 00000 as a “Party of Interest” or “Interested Party” where the “Party of Interest” or “Interested Party” must be notified within ten (10) days after your insurance company or agent renews, cancels or non-renews your policy. Failure to include Insurance Tracking as the “Party or Interest” or “Interested Party” with the above-listed address will constitute a breach of this Lease.

Required Renters Insurance Policy. You are required to purchase and maintain a renter’s personal liability insurance policy which provides limits of liability to third parties in an amount not less than $100,000.00 100,000 per occurrence through an insurance company or insurance agent authorized to issue insurance in this state. Such insurance policies are often referred to as “renter’s insurance policies or “liability-only insurance policies.” Most renter’s insurance policies contain personal liability coverage and also personal property coverage for your own property. You are only required to have personal liability insurance, however we highly recommend that you obtain coverage for your personal property too. Personal property coverage protects your property in the event of theft, fire or weather-related loss to your property. Every leaseholder is required to present proof of personal liability coverage. The policy must identify Insurance Tracking, X.X. Xxx 000000, Xxxxx, XX 00000 00000-0000 as a “Party of Interest” or “Interested Party” where the “Party of Interest” or “Interested Party” must be notified within ten (10) days after your insurance company or agent renews, cancels or non-non- renews your policy. Failure to include Insurance Tracking as the “Party or Interest” or “Interested Party” with the above-above- listed address will constitute a breach of this Lease.

Required Renters Insurance Policy. You are required to purchase and maintain a renter’s personal liability insurance policy which provides limits of liability to third parties in an amount not less than $100,000.00 100,000 per occurrence through an insurance company or insurance agent authorized to issue insurance in this state. Such insurance policies are often SAMPLE referred to as “renter’s insurance policies or “liability-only insurance policies.” Most renter’s insurance policies contain personal liability coverage and also personal property coverage for your own property. You are only required to have personal liability insurance, however we highly recommend that you obtain coverage for your personal property too. Personal property coverage protects your property in the event of theft, fire or weather-related loss to your property. Every leaseholder is required to present proof of personal liability coverage. The policy must identify Insurance Tracking, X.X. Xxx 000000, Xxxxx, XX 00000 00000-0000 as a “Party of Interest” or “Interested Party” where the “Party of Interest” or “Interested Party” must be notified within ten (10) days after your insurance company or agent renews, cancels or non-non- renews your policy. Failure to include Insurance Tracking as the “Party or Interest” or “Interested Party” with the above-above- listed address will constitute a breach of this Lease.