Yes. tenant is required to purchase renter’s insurance to fully cover each tenant named in the lease agreement for damage to his or her personal contents or other insurable interests. Landlord does not maintain insurance to cover Tenant’s personal property or personal injury and is not responsible to any resident, guest, or occupant for damage or loss of personal property or personal injury from (including but not limited to) fire, smoke, flood, water and pipe leaks, hail, ice, snow, lightning, explosions, earthquake, interruption of utilities, theft, hurricane, negligence of other residences, occupants, or invited/uninvited guests or vandalism.
Each Tenant shall carry insurance to cover damages caused by theft, fire, rain, flood, hurricane, wind damage, water damage, pipe leaks and the like. Tenant is required to purchase personal liability insurance, and failure to maintain personal liability insurance is an incurable breach of this lease and may result in the termination of tenancy and eviction and/or any other remedies.
Personal liability coverage must be not less than $100,000 for injury to any one person and not less than $250,000 for aggregate injuries; and not less than $25,000 property damage. Said insurance shall name the property owner and his or her agent as an additional insured and shall indemnify against any loss or claim for damages. If a pet is allowed, Tenant shall carry no less than $25,000 (any other provision notwithstanding) and notify insurance company of such pet(s).