The State of Renters Insurance: Insights from a New Survey
NEW YORK, June 24, 2025 (GLOBE NEWSWIRE) — A recent joint survey conducted by RentRedi, a leading landlord software provider, and BiggerPockets, the largest online community for real estate investors, has unveiled significant insights into the current landscape of renters insurance among landlords. The findings reveal a gap between understanding the importance of renters insurance and the actual implementation of verification processes.
Understanding the Survey
Conducted from June 11 to June 16, 2025, the survey gathered responses from 812 real estate investors and property owners. The results indicate that while most landlords are aware of the distinctions between renters insurance and landlord insurance, a surprising number still do not require it from their tenants.
Key Findings
Lack of Verification: Half of the respondents admitted they do not verify whether their tenants have renters insurance. The remaining landlords employ a mix of manual checks, insurance company confirmations, or property management software to ensure compliance. This inconsistency highlights the need for more streamlined processes in managing renters insurance.
Awareness vs. Action: A broader survey conducted by RentRedi from March 30 to April 14, 2025, involving 1,623 respondents, showed that over 75% of landlords understand the difference between the two types of insurance. However, only about 20% offer renters insurance options directly to tenants, and fewer than half include it as a lease requirement.
Enforcement Practices: Among those who do require renters insurance, approximately 40% follow up to confirm that tenants have active coverage. Interestingly, nearly three out of four landlords who include this requirement in their leases actively enforce it, indicating a growing interest in formalizing renters insurance policies.
The Small Landlord Advantage
The survey also revealed a notable trend: landlords with smaller portfolios (1–4 units) are more likely to require and enforce renters insurance. Nearly 60% of these small landlords include renters insurance in their leases, and 80% of them enforce this requirement. In contrast, larger landlords (20+ units) are less likely to include or enforce these requirements, suggesting that they may benefit significantly from automated solutions to manage renters insurance at scale.
The Value of Renters Insurance
“Renters insurance protects everyone involved. It minimizes financial risk, reduces liability, and gives both landlords and tenants greater peace of mind,” stated Ryan Barone, Co-founder and CEO of RentRedi. The survey results underscore the recognition of this value among landlords, yet many still struggle with the implementation of effective verification processes.
Streamlining the Process with Technology
RentRedi offers solutions that simplify the management of renters insurance. Landlords can easily provide renters insurance options during the application and onboarding process, require proof of coverage within the lease, and automatically verify compliance. Tenants can purchase renters insurance directly through RentRedi’s app or upload proof of an existing policy, with landlords receiving instant notifications.
This integration not only protects landlords’ investments but also enhances the tenant experience, making the renting process smoother and more efficient.
Conclusion
The findings from the joint survey by RentRedi and BiggerPockets highlight a critical area for improvement in the rental industry: the verification and enforcement of renters insurance. As landlords increasingly recognize the importance of this coverage, the need for streamlined, technology-driven solutions becomes more apparent. By adopting these solutions, landlords can better protect their investments while providing peace of mind to their tenants.
For more detailed insights and survey results, visit RentRedi’s Rental Market Insights.
About RentRedi
Founded in 2016, RentRedi is a comprehensive property management platform that simplifies the renting process for landlords and tenants alike. With a focus on automation and efficiency, RentRedi helps landlords manage rent collection, tenant screening, lease signing, and maintenance coordination through an all-in-one web and mobile app. The platform has garnered recognition in the PropTech market, ranking No. 180 on the Inc. 5000 list and partnering with industry leaders to enhance the customer experience.
For more information, visit RentRedi.com.