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Can you seek rent loss through renters insurance if tenant responsible for a fire?
Wiki User
∙ 10y ago
Yes, if you can prove negligence on the part of the tenant that directly resulted in the fire you could seek coverage from the liability portion of the tenants policy.
Wiki User
∙ 10y ago
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What kind of insurance should you ask your tenant to carry?
Renters insurance .
Does renters insurance cover damage to others property?
No. "Renters Insurance" is property coverge for a tenant. It will cover the property of the named insured Tenant or Renter that is located within the rented dwelling. It will not cover property of someone who is not a named insured on the policy.
Why does a tenant need property damage insurance?
Your land lord is not responsible for any damage to or loss of personal belongs. This is why you would want to get renters insurance. The owner of the home should have it covered with "Home Owner's Insurance", which doesn't cover a tenant's belongings should there be a fire, etc. Renter's Insurance covers the tenant's belongings. Without it, a tenant would not be eligible for a claim and would not be able to recoup any losses.
Why should someone get renters insurance coverage?
A renters insurance policy offers coverage on a tenant's possessions and contents of the rented property in the event of loss or damage from fire or other catastrophe. While a tenant has no responsibility to ensure the property itself, should they incur a loss the insurance would help them replace their possessions.
Who is responsible for damage caused to a tenants personal property when the ceiling collapsed during a storm because the building was not weatherproofed correctly and the tenant didn't have insurance?
The answer is basically no. The landlord is never responsible for damages to personal property belonging to tenants in any dwelling or structure. That is why you are strongly encouraged to get renters insurance. In some cases you may have some recourse if the landlord knew of the problem. But if you get renters insurance be insurance company can determine that for you and they can seek damages from the landlord.
Who is responsible for tenants damaged things when my storage unit was damaged when roof collapsed?
Tenants should always get renters insurance because when things like this happen, the landlord is not responsible. nor is the owner of the storage unit, unless there was negligence on their part. If the tenant doesn't have that insurance, they have to replace lost items at their own cost. They could always take the owner of the storage unit to court, but a judge will probably ask, "Why didn't you have renters insurance? That's what it is for."
Is a Section 8 Landlord required to have insurance?
Every landlord is required to have insurance, but now the question is what type of insurance. Property insurance is likely the type of insurance that the landlord is carrying. This does not cover anything inside the property that belongs to the tenant. For this, the tenant needs to purchase separate insurance called renters insurance.
Can a landlord and his insurance claim money from you for a kitchen fire?
Your "Renter's Insurance" should be the one paying the claim. It is your responsibility as a tenant to report any property damage to the landlord, and at the same time it should have been reported to your insurance carrier. If, per chance, one does not have renters insurance (which escapes all understanding why one wouldn't have this) then the tenant is responsible for all damages above what is considered normal wear and tear.
What is covered by homeowners insurance if you are renting the house?
The dwelling Owners policy does not cover the property or liability of a tenant. Rental dwellings are covered under a Dwelling Policy that covers rental properties not a homeowners policy. If the tenant seeks coverage, the tenant must buy his own Renters Insurance Policy.
Can a landlord keep a tenant's deposit for something the tenant did not intend to do to hurt the property?
The Landlord can keep the deposit for any damage. No matter who or how it was caused. You should have renters insurance to take care of anything like this.
Is a tenant in Arkansas required to carry renters insurance or can it be placed on the lease by the landord?
Yep, It's become the industry norm to require tenants carry a renters insurance policy. This protects the property of both the landlord and the tenant as well as certain liabilities of the tenant in the event of damages or loss concerning the rented property. It's in the lease contract. Failure to provide the coverage is a breach or default of contract and he landlord can buy whatever he wants and bill it to you.
What are some companies, in New York, that offer renters insurance?
If you Goggle renters insurance it will give you a wide variety of options. The insurance will depend on how much your apartment contents are worth. For instance, if you have new high end leather furniture and a good wood bedroom set, you would want content insurance in the event that another tenant has a cooking mishap.
