Can landlords require that tenants acquire renters insurance?
The general answer is yes. Although it may vary by state, the landlord can require in the lease that the tenant obtain renter's insurance. One exception to this is government funded housing.
Yes, It has become the norm in the leasing industry. It's written into the leasing contract. Read More
Some landlords may require you to carry tenants insurance in order to rent. If they don't it is still a very good idea to have it and very inexpensive. Read More
The landlords insurance would cover the hotel costs if your apartment was damaged under a covered insurance loss. Your tenants insurance would also provide coverage as well. Read More
Is it legal for a landlord to require you to cary renters insurance and list them as an insured interest in California?
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. Read More
Renters insurance covers only the renters stuff. You would not be covered as you do not have an insurable interest on his stuff. Read More
Almost all of them, It has become the norm in the industry Read More
No. This is why landlords require tenants to carry renter's insurance. Call your car insurance provider. Read More
Generally landlords are not responsible for damage to tenant belongings. This is why tenants are encouraged, and some landlords require this, to purchase rental insurance. Read More
If you have a loan, probably. No loan would mean no requirement. Common sense though would require it. Adding it to your home insurance or renters insurance would probably cost pennies. Read More
Landlord's insurance would be necessary to protect the owners's property in the event of mishap but it would remain the responsibility of the tenant to cover their own belongings with tenant insurance. Read More
Landlords generally require a tenant to have a certificate of insurance showing that the tenant has personal belongings insured, as the landlord's policy doesn't cover personal property of the tenant. Read More
I cannot see any way that a covered cause would require you to get a locksmith. If the damage was not caused by a covered cause then no it will not pay for a locksmith. Read More
Is this rightMy Landord is telling us that after extensive water damage was done froma leak in the bathroom sink that his insurance company will not come out to investigate and will not cover damages?
Landlords Extended Coverage? Yes, he is telling you the truth. If there is no extended coverage for leaking pipes or faucets then they will not come out, there would be no reason to do so. Someone needs to hire a plumber. Most leaky sinks are easy fixes. There is no reason for an insurance company to investigate a loss that it already knows is not a covered peril. Many home insurance policies ( Especially Tenant… Read More
For water damaged household goods, you would require flood insurance if the water damage was caused by flood. Otherwise, homeowners insurance or renters insurance would quite possibly work depending on whether you own or rent your home. Read More
No, your homeowners insurance does not cover tenants nor any of their property or liabilities. actually, the presence of tenants without the presence of an owner can void all coverage and nullify the homeowners insurance policy. If the occupancy status of your home changes, contact your agent. Leased homes require landlords insurance. Vacant homes require a vacant property policy. Read More
Who is responsible for water damage caused by a faulty washing machine. The damaged party has no insurance?
Who owns the washing machine? If it is the upstairs tenant and he has tenants insurance (as you should) then his insurance pays. The landlords insurance company would also pay and your insurance company will take care of it all. Let them duke it out. If you are the landlord and you did not require your tenants to carry insurance...does the word "fool" mean anything to you now? Read More
Does homeowners insurance cover renters belongings when their house was broken into and items were stolen?
If you are the owner of the house, and are renting to tenants (making you the landlord), then you only have insurance on the house (dwelling coverage - not homeowners coverage) and not the personal contents of the renters. In this case, no, your insurance will not cover their loss. It is the responsibility of the renters to purchase insurance coverage on their personal belongings. If you are the renter (tenant), then you have to… Read More
Yes, most likely because renters is more for you, the apartments contents and your persoanl liability. Your landlord however could have his fire policy cancelled or require you to remove the liability so he is not at risk. Read More
Due to concerns about identity, equal opportunity and character, almost all landlords in Maryland do credit checks on potential renters. Also, most landlords will charge you for obtaining the credit check, even if they don't rent you the apartment. One may be able to avoid credit checks by renting near Colleges and Universities as there is an understanding that most college and university students don't have useful credit records. Read More
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. Read More
Our lives are in a constant state of change. When we are children we need no coverage, as we acquire things, cars, homes, income, we want to protect our assets and our families. Read More
If you've moved out, you probably don't have any rights anymore. Although a tenant who had already moved out typically has no right to the property either. However, there are some state laws that require landlords to follow eviction laws to kick someone out, even if they aren't paying rent. Read More
My home is a rental.. Does homeowners insurance still cover damage to the home caused by a burglary?
It depends on what type of insurance the property owner has and what the terms of the lease are. Some landlords carry property damage coverage for the building structure. Some leases require that the renter carry a tenants policy. Read More
ATV insurance requirements can vary from state to state. Some states, like Pennsylvania, do require ATV insurance for 4-wheelers. Some states may not require full coverage insurance but do require liability. And some states do not require ATV insurance at all. It is best to check one's state laws on the requirements of that state for 4-wheeler insurance. Read More
Many states require this, but many states don't. Read More
Not all do. The purpose of a letter for rent payment is basically something a landlord can require prior to renting an apartment to you. This letter basically just states that you paid your rent on time every month. It is just a method landlords use to verify your rental history. Read More
The quickest way to get health insurance quotes is online. The best way to ensure you are getting the best deal for your money is through comparison sites such as cheaper health insurance quotes. Many of these sites require you to fill in a form and based on your answers will search several companies and retrieve quotes from each. Read More
All of the 50 states in the U.S. require some type of insurance. Some states only require minimum liability while some states require a certain amount of bodily injury insurance. Read More
Yes, California does require the attorneys to have professional liability insurance. Read More
First of all you need to decide on the type of insurance license you need to acquire, for example L&H, P&C, etc. As KS does not require pre-license education, you can give the state insurance exam without going through any coursework BUT that is not recommended. In order to prepare for the state exam, professionals recommend to take the practice pre-licensing course to get the knowledge you require to pass the state exam. Read More
An owner would need a lessors risk policy. This covers the building/property and liability for the owner. It would also be in the owner's best interest to require the tenant get renters insurance and list the owner as Additonal Insured (landlord) on their policy. Landlords Insurance Additional consideration for investment property owners. Landlords extended coverages. 1. Rental Revenue Interruption. ( Monthly Rental Income ) 2. Owners contents. ( Appliances, Furnishings, fixtures ) 3. Owners liability… Read More
All states either require insurance or proof of financial responsiblity. Read More
I have an existing lease now owner says everyone in complex has to buy renters insurance have to buy renters insurance?
If it's not in your current lease agreement then there is no way he can force you to buy it. But when your lease comes up for renewal he can insist you get it or just not renew your lease if you refuse. Most complexes now require that tenants purchase renters insurance. It protects both the tenant and their property as well as the landlord against damages to his property by a tenant. This has… Read More
Yes, most insurers require parents or guardians to pay premiums for a minor driver with a permit. In most cases, insurance rates will rise if a minor resides in the home who is of driving age, whether they acquire a permit to drive or not. Read More
When do you actually need motorcycle insurance when you ride with a permit or just when you get a license?
It depends on what state you live in. Some states don't ever require motorcycle insurance. Most states that require insurance require it just to register the vehicle. Read More
I'm in Georgia. Can you prove they forced you to buy? They wouldn't give you the furniture if you didn't pay the extra? They are covering their assets. If you think you got ripped keep on trucking for a help for others. Answer Many creditors require that you have insurance coverage on large purchases until they are paid off. Other examples would be house and vehicle purchases. The only legal issue might be if they… Read More
Yes, as of March 2014, MetLife Term Insurance does require a physical from a doctor. Read More
As of June 2010 New Hampshire is the only state that does not require auto insurance unless you have proven yourself to be an "endangerment to others" such as having DUI's or too many at fault accidents, then they require insurance before they will reinstate your license. Read More
Alabama requires that you have motorcyle insurance. Read More
It honestly depends on the state you reside in. Most seem to require that you have insurance on it because a scooter is, after all, a vehicle. Check with your local insurance agency to see if they offer scooter insurance in your area. Read More
Yes. They require public liability insurance and malpractice insurance. Read More
There are many reasons to get liability insurance. All states within the United States require at least liability insurance to drive an automobile. Those in medical professions also get a liability insurance called malpractice insurance. Read More
No insurance that I've ever had required ramps. Read More
Yes! Your landlord can require anything he wants in the lease. Read More
Private Mortgage Insurance is extra insurance that lenders require from most homebuyers who obtain loans. Read More
No state requires boat owners to have insurance on a pleasure boat. If you have a loan using the boat as collateral, the bank will usually require insurance coverage on the boat. They will also require to be listed as a loss payee which protects their interest in the event of loss to the boat. Some marinas will require the boat owner to carry liability insurance and the marina may also require they be named… Read More
Any lender requires insurance if the vehicle is financed. Read More
Most states require insurance if the motorcycle is to be ridden on public roads. Read More
health insurance personal accident Read More