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What else can I help you with?
Do renters need home content insurance?
By practical means, yes, renters should have home content insurance. You will want to have coverage for your home if anything disastrous was to occur.
Is structural insurance for renters?
Structural insurance typically refers to coverage for the building itself and is usually the responsibility of the property owner or landlord. Renters generally need renter's insurance, which covers personal belongings and liability but does not include the building's structure. However, some landlords may require renters to have insurance that includes liability or additional coverage. It's important for renters to clarify their insurance needs with their landlord and understand what is covered.
Do renters need homeowners insurance?
NO, But they can get Renters or Tenants insurance
What's garage liability insurance and its coverage?
Your garage insurance should be covered by home owners insurance or renters insurance. I am not sure you would need liability insurance in a garage though, because no one else would be hurt in there.
Do I need insurance to rent out banquet halls?
Yes, you will need renters insurance.
Which kind of renters insurance are recommended for older people with a house?
If your parents bought their house they do not need renters insurance but they do need house insurance. They should insure the house for two things, one for the contents and any damage to the home, and two if there is a mortgage they should have insurance to cover that in the event that anything should happen to either of them.
If you rent an apartment which home insurance coverage do you not need?
If you rent an apartment, you typically do not need dwelling coverage, as this protects the structure of the building itself, which is the landlord's responsibility. Instead, renters should focus on obtaining renters insurance, which covers personal belongings, liability, and additional living expenses in case of damage. It's also wise to check if any specific requirements are set by the landlord or property management.
Can you carry renters insurance over to a new home?
Renters Insurance doe snot cover "Real Property". If you have purchased a home then you need a Homeowners Insurance Policy.
Do I need renter's insurance in Massachusetts?
Renters insurance is needed in every state. Without it, any damage or theft of your personal possessions is your responsibility. Renters insurance covers your personal property.
I rent a home with a detached shop that I run a business out of. If my car damages the building and my business contents will my comprehensive pay for my assets and the landlords building?
Renters InsuranceNo. Your renters Insurance Policy is personal lines residential tenants coverage. It should provide coverage for your "Personal Property" and may have some liability and personal injury coverage as well. Your Renters or "Tenants Policy" would not cover your business property nor the property of another person. Your landlord is expected to have his own property coverage.If you need coverage for your business property you would need to pick up a business owners insurance policy. Your personal lines residential rental policy would not cover your business property.AnswerYou'd have to examine the contents of your vehicle insurance policy to determine what would be covered.
Do you need to change your homeowners insurance if you rent your house?
If you were living in your home when you first took out the homeowner's policy, then, yes, you do need to change it. To not notify the insurance company that you are now renting your home could render your coverage null and void, resulting in the loss of coverage should something happen to the house. There are several types of coverage, some of which offer more coverage than others. In your case, you need to change the policy since the house is now a rental. But, there are other factors involved, too. Did you rent the home furnished? If so, you need to maintain coverage that will still insure your contents of the house. If not, then you need to change the policy to cover the house only. The renters will need to take out a rental policy, which will cover their belongings in the event of a fire, or other types of damage. You also need to talk to your insurance agent about keeping liability insurance on the house, as well. And, since some renters aren't aware that the landlord's insurance won't cover their belongings, you need to inform the renters that they will have to take out a rental policy to insure their belongings (furniture, clothes, etc.) if they want them insured. Also, keep in mind that a homeowner's policy does not cover flood damage; that will have to be a separate policy.
What companies offer renters insurance?
Allstate offers renters insurance to people. It also offers home insurance and many other types. Try this company for great deals and things you need.
