[Noah930]

Since there are so many on this board on both sides of the housing coin, just wondering what the law actually stipulates, here in California. As a renter, am I obliged to purchase renter's insurance? And, if so, how much?

I ask, as there is a clause in my lease that requires $500K of renter's insurance. At my expense. And the leasing company and owners are to be listed on the policy, as well. The last time I rented anything in California was about 15 years ago, and I certainly don't recall anything like this. Most recently, I've lived in Massachusetts and Oregon; there certainly aren't laws/protocols like that in those 2 states. It just seems a bit excessive to purchase an insurance policy for a monetary value that exceeds not only the value of my "stuff," but the cumulative value of my entire life's income, as well.