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Yes. An example of this would be the homeowners insurance that you carry on a rental property.

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Wiki User

14y ago

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Does renters insurance cover your rent if you lose your job?

Yes. there is renter's insurance that offers optional "Involuntary Unemployment" insurance coverage.


Do you need to change your homeowner insurance if you rent out part of your home?

No, but the roomer/boarder has no coverage under your policy.


Do you have to notify your home insurance company if you decide to rent your home to someone else?

Yes, since the situation has changed. Also, you want different coverage such as loss of rent. For example, if there is a fire and your tenant cannot stay at the home, they are not paying rent. By having such coverage, the insurance company provides you with compensation of the loss rent. Also, you can face action from the company by purposely not notifying them of the change.


What kind of insurance do you need to start a rental company such as rent a center where you provide equipment to the public to rent for temporary use?

You definitely need Commercial General Liability, Commercial Property coverage for equipment rented & leased to others and wroker's compensation if you have even (1) employee


How old do you have to be to rent?

IT depends on what you are trying to rent. If you are trying to rent technology equipment for instance, you have to have a business and insurance coverage to cover the replacement on the products, also your age and credit worthiness are factors taken into consideration.


What is your insurance coverage?

When you rent a luxury car in Dubai, it is essential to make sure that you have adequate insurance coverage. The available insurance policies vary depending on the rental company. Generally, the coverage will include third-party liability insurance and collision and theft coverage. However, if you want additional protection, you may be able to purchase additional coverage, such as personal accident insurance or roadside assistance. It is essential to read through the rental company’s policy to determine what kind of coverage is offered and how much it will cost. You should also check with your auto insurance provider to see what kind of coverage you already have and if any discounts are available for renting a car.


Does Ace Insurance offer rental insurance for Florida residents?

There is ACE RENT A CAR and ACE Underwriting Group Florida Insurance Insurance Source or ACE INSURANCE AGENCY in Lantana, Florida. They offer different insurance coverage either home, motorcycle or car insurance.


Can you get car insurance of you have no car but rent cars frequently?

Some insurance agencies will let you get a sort of temporary coverage, but I'm pretty sure you can't get permanent car insurance for a car you don't own yourself.


If you rent out a room in your house is that covered under your homewoners insurance?

No, Your Standard Homeowners policy provides no coverage for Tenant occupancy. You can request a rider from your agent.


What sort of insurance coverage is required when you rent a backhoe for home landscaping?

You will need your home owners insurance. That is the only insurance you will need because if something happens it is on your property and you will be covered under your home owners policy. When you rent a backhoe there will be an additional charge for insurance. You can either pay the charge or not, but you have to be careful as to what liability you're assuming when you sign the rental agreement.


Is renters insurance required if you do not pay rent?

The insurance company doesn't really care if you pay rent or not,they only care about what sort of policy coverage is on the property.So the answer to the question is "it depends".If you're not paying rent because you're living in your parents' basement, then there's a good likelihood that they have insurance that covers the contents as well as the dwelling itself. Check the policy to be sure, and also make sure that your property is not the sort that's typically excluded from coverage (for example, jewelry may not be covered under a standard policy).If the property owner only has the dwelling itself insured (which may be the case if it's a property someone is letting you live in rent-free as opposed to them allowing you to live in their personal home), then your stuff is not covered; if it burns up, too bad for you, unless you have renters' insurance.


Do I have to buy extra car insurance if I rent from EZ car rental?

If you already have full coverage auto insurance, there is no need to purchase additional insurance for your rental car. The only event where you would need the insurance from EZ Car Rental, was if you were to get into an accident, they would cover the cost of the time lost for the rental. If you don't purchase their insurance and get into an accident, you will have to pay for the days they are out money for not being able to rent the car out.