|
The $500K is for liability, and not lost property. They are trying to get your insurance to foot the bill if something happens on their property, and someone wants to sue. They'll always go after the property owner, but if the renter has a liability policy they'll go after you too. If you don't have a liability policy they might ignore you because it's not worth their time since most renters don't have many assets to go after.
I never had a renter's policy when I rented because back when I rented all of my assets were worth only a few thousand dollars.
|