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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.
Wiki User
∙ 7y ago
Wiki User
∙ 7y agoNo. That is why it is called "renter" insurance . It is for people who rent and it is an optional insurance a renter can buy.
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Do you pay tax on rental income if you pay rent elsewhere?
Whatever amount you pay for your own personal residence has no effect whatsoever on the taxability of rent payments you receive.
Is the co-signer responsibilty if the primary tenant fails to pay his rent?
Yes, a co-signer has agreed to pay the rent for the duration of he lease if the primary fails to pay. That is the purpose of the landlord in requiring a co-signer.
The flat above me flooded their flat which damaged mine but they do not have a policy and have offered cash Will I lose money making a claim against someone without home insurance?
Why would you file a claim against someone who is already offered to pay your claim in cash? That makes no sense at all. If they are liable for your damage then they are required to pay you for that damage. The law does not care if they pay you themselves or if you get paid by their insurance company so long as they pay you. Attempting to get paid twice, that is obtaining payment from the homeowner and then again by the insurer is a crime. Its called Double indemnity and is a form of Insurance fraud.
Will section 8 let you rent to a relative?
The Section 8 Voucher housing program helps low income families to pay their rent. Section 8 will not allow a person to rent to any relative.
What percentage booth rent do hair stylists pay?
Most hair stylists determine what amount of money they want to charge for their booth rent. There is no set price for rents. Most of the time, the booth rent depends on the location and potential clientele.
Can apt renters insurance backdate policy to pay claim on unemployed rent payment?
No. Altering documents in such a manner is unlawful.
What does assurant renters insurance cover?
Renters insurance really does cover a lot. It covers natural accidents, burglary, theft, fire, vandalism, and smoke damage. It also will pay your rent for a few months if you get hurt in the apartment.
Do apartment renters have to pay for garbage?
it will depend on the apartment complex if the renters have to pay extra for garbage. Most apartments include trash with rent.
Can a homeowner buy only a Renters Policy?
Well, Not really, When you buy a renters insurance policy you have to declare that you are a renter. If you have a loss and the insurance company discovers you lied, They will not be required to pay for any claims due to a fraudulent statement on your application.
Should a tenant pay rent to a landlord who has lost his renters privilege?
If he lost his renters privilege, he is no longer a landlord
Must landlords pay for a ramp for handicapped renters?
No, landlords are not required to pay for a ramp for handicapped renters. A person always have the option to move.
Will renters insurance pay if a car is hit on property?
No, Renters insurance is coverage specific to household property or contents owned by the named insured. It does not cover the property of others and it does not cover automobiles. Neither Renters insurance nor Homeowners insurance will cover damage to an automobile. That's what auto Insurance is for.
How accurate are renters insurance quotes?
Renters insurance quotes can be quite reliable, but you might have to pay a small price to get them. Be sure to check around before making a decision!
What is the cost of renters insurance for the average apartment?
all depends on the location of the apartment and who you go with for renters insurance but you can pay as low has 9 a month or has high has 100 a month
Do renters have to pay property taxes?
No, renters do not pay property taxes. Property taxes are paid by the owners of the property. They may pass that cost down to you through rent, but it will likely be spread out over months.
Can your homeowners insurance be cancelled because a tenant allowed a guest dog over who bit him?
That is a liability issue and generally policies are not cancelled for liability. You of course required your tenants to get renters insurance so their own personal liability insurance would pay.
Can you rent an auto if you am under 25 years old?
I don't believe so in the State of CA, you are required to be at least 25 years of age to rent a car, and even then you are asked to pay a fee of $50 and required to get insurance for the rental.
