0
Is it legal for a landlord to require you to cary renters insurance and list them as an insured interest in California?
Wiki User
∙ 10y ago
Yes, It is legal in every state. It's in your lease contract that you would have signed when you rented the place. Pretty much all landlords around the country require insurance now or you are not considered eligible to rent the place.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Where can someone go to obtain landlord liability insurance?
If someone wants to get landlord liability insurance then they can contact their normal house insurance company. Large companies such as Aviva and Cornell will do landlord policies and it is a good idea for any landlord to be fully insured.
Why would a landlord request that he be named as an additional insured party on your renters insurance policy?
Renters insurance and the Additional InsuredIt is common to list the property owner as an additional insured, After all you are renting his property and have accepted certain liabilities for damages to the property. The reason a landlord would require this is in the event that a loss occurs and the tenant refuses to file claim, the landlord as an additional insured can call and file the claim for you. AnswerThat is a good question. You are right to be cautious ask your insurance agent.
Life insurance insurability?
The beneficiary has to have an insurable interest in the insured. The insured has to pass certain qualifications in order to be insured.
Is boating insurance required in California?
The state of California does not require you to have a boat insurance but it is important to get the boat insured for your own sake and safety in future.
Is household insurance automatic when you rent a place in UK?
No. The landlord will probably have insured the building but the contents will be the tenants responsibility.
What is California's policy on car insurance for new drivers?
For a new driver to receive insurance in California, you will need to talk to your legal guardian. You cannot be insured yourself, but have to be insured under your guardians name.
What does it mean when a Landlord has contents insurance?
Contents Insurance with a landlord simply means that the Landowner has the items inside of the rented/leased house/apartment/etc. insured so that if any damage were to occur they would not be without money.
Is there a tax on money received from life insurance if paid to the insured?
The only case where the insured can collect on their life insurance is with a whole life policy. In that instance any interest or dividends are taxable.
Can a parent take out life insurance on their adult children?
Yes, an insured and a beneficiary have to have an insurable interest to be able to have a life insurance policy. Parents/children are considered to have insurable interest
What are the characteristics of an insurable risk?
The essence of an insurable risk is essentially one in which the person or entity insured has an "insurable interest". This means, that the insured must have a reasonable expectation of advantage, usually monetary, from the continued existence of the property or life insured. It need not be an ownership interest. For example, a spouse who did not have an ownership interest in her husband's car, but who had the right to use the car, would have a sufficient insurable interest in it to support a contract of insurance. The lack of an insurable interest makes an insurance contract essentially a gambling contract--because the person taking out the insurance really has nothing to lose if the property insured is destroyed.
When must insurable interest exist in life insurance?
The interest must exist at the time the policy is taken out. Where the insurable interest is created under categories 2, 3 and 4 above, the amount that can be insured is limited to the amount of interest the policyholder has in the life insured
What does life insurance protect against?
Life insurance is financial protection for survivors or others with an insurable interest in the continued life of the person insured. "Insurable interest" essentially means that the beneficiary has a "stake" (which can be founded on finances, "love and affection", or some other bases) in the continued life of the insured. When the insured dies for reasons that are not excluded by the policy, the beneficiary(ies) receive the life insurance proceeds.
