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What else can I help you with?
Is your landlord responsible if a tree limb falls and damages your car?
No. This is why landlords require tenants to carry renter's insurance. Call your car insurance provider.
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?
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.
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.
Is renters insurance required in California?
Unlike auto insurance, there is no state law in California that requires a renter to carry insurance. However, there is a growing trend of Landlords requiring their tenants to carry renters insurance as a part of their lease agreement. Regardless of whether or not your landlord requires you to maintain insurance I would recommend looking into obtaining a renters policy for yourself. Renters insurance is usually very cheap in California. Many renters policies not only cover your personal property in your apartment, but anywhere in the world as well.
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 buy contents coverage on your personal belongings, such as furniture, clothing, etc. The landlord is not responsible for your belongings, whether the loss is from robbery, fire, etc. In order to purchase homeowners insurance you have to own the home (but it can still be mortgaged) and you have to live in the home. Otherwise, you have to have a dwelling policy on the house if you want it insured, whether it's vacant or rented. If, however, there is still a mortgage on the house, the bank (or mortgage holder) will require you to have insurance on it. If the house is paid for, then it is at your discretion whether to have it insured or not, for the value of the house. But if you rent it out, your state may require that you carry liability insurance on it.
What is Commercial General Liability Insurance for tenants?
I am assuming you mean a tenant in a commercial building as opposed to a residential tenant (i.e. apartment dweller). A tenant in a commercial building will typically be a business of some sort (eg. a Retailer located in a shopping Mall, or a manufacturer who rents a warehouse or plant, etc.). Whatever the case, it is important for a commercial tenant to be properly covered by a Commercial General Liability (CGL) policy which will provide protection against claims for Bodily Injury or Property damage caused through the negligent actions of the Tenant/Business. A prudent Landlord will require all of his/her tenants to carry CGL coverage and will seek to be added to the policy as an "Additional Insured". This will help protect the Landlord from lawsuits brought about by the negligence of his/her tenants. Hope this helps.
Are tenant that rent covered by the owner homeowners insurance in the loss of fire?
Depends on the state. In Massachusetts, the landlord is required to carry insurance to cover $750 in the event of a fire.
Do I need homeowners Insurance after I pay off my mortgage?
Only a lien holder can require a borrower to carry insurance.
Can you get auto insurance after a DUI?
Yes you can. In fact, some states will require you to carry insurance in the form of an SR22 after a DUI.
Do you have to carry mortgage insurance?
No you don't have to, but you would be a fool not to carry enough insurance to cover your mortgage! However, most mortgage lenders do require it, and if so, they will not make the loan if you refuse to carry the mortgage insurance. In that case, the choice is yours.
What happens if cosigner does not carry renters insurance?
If a cosigner does not carry renters insurance, it generally does not affect the primary tenant's ability to rent the property, as renters insurance is typically the responsibility of the tenant. However, the landlord may require the tenant to have insurance to protect their property and mitigate risks. Without a cosigner having their own renters insurance, the tenant may be solely liable for any damages or losses, which could lead to financial strain if issues arise. Additionally, landlords may view the lack of insurance as a risk factor, potentially impacting lease negotiations.
