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Any reason the landlord wouldn't just build a $13/month policy premium in to the rent and purchase the insurance themselves?
by mgkimsal 8y ago
Any reason the landlord wouldn't just build a $13/month policy premium in to the rent and purchase the insurance themselves?
- DoreenMichele 8y agoI'm not firsthand familiar with property insurance, but there are restrictions on who can purchase insurance. You have to have fiduciary interest. So, for example, you can't buy a life insurance policy on a random stranger. That can go bad places and be an incentive to commit murder. So it is possible the landlord cannot buy this specific insurance themselves and the coverage they can legally purchase does not cover the instance in question.