There is a common myth out there that is believed by many that as long as one person has insurance…. everyone is covered! When speaking about a home in general, lets take mine for example. I have home owners insurance, if a fire breaks out it covers the repairs and replaces “hopefully” all that is lost that can be replaced. But that isn’t necessarily the case when it comes to rental properties. It is becoming increasingly more common for management companies and owners of rental properties to require tenants to have renters insurance. Here are the top reasons why: If your tenant somehow..