Thx! I see. So I won't be financially responsible for the losses. But I'm more curious that if the tenants' loss will indirectly cause trouble to me (if they become broken and are not willing to move out?), will it be a better situation if tenants are willing to have renters insurance in place? If it is, how do landlords effectively persuade the tenants to do that?
I rented out my property and the current tenant from Europe bought the renters policy even before I brought up it. But I also encountered someone who never followed up on that.
Thx! Interesting. If those terms are put in the agreement, the landlord seems to be released from the liability financially. However, if the tenant cannot afford the losses, it may cause indirect troubles to the landlord, right? I'm wondering if there is any incentive for the landlord to encourage his tenants to have renters insurance...