alt Hacker NewsIn Australia we have very strong consumer protection law, here it’s expected (by the bank usually) the landlord has at least a minimum “landlord insurance” that covers all that stuff.
For anything not covered, where a tenant does damage thats what the bond is for.
Renter insurance should be optional.
Actually I’m surprised that landlord insurance is not already occurring, imagine a building with 100 apartments, I’m sure the bank would ask the landlord to have a single cover over 100’s of little crappy policies.
If renter insurance is required by regulations, this is likley another good target for policy change.
Americans really do get screwed in so many ways.
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If everyone is required to have an insurance - why not bury it in property tax/rates instead?
In NZ we are not required to have third party medical cover because everyone is already covered by yearly car registration fee.
Same here. This has only been a thing recently when landlords figured out they could make money selling the insurance. When I was a renter, insurance was never required from me.
> Americans really do get screwed in so many ways.
Absolutely. I assumed the parent was talking about the US because that's the only place in the world I've encountered this.