0
Which kind of renters insurance are recommended for older people with a house?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Can a renter insure the structure he lives in?
There is renters insurance, but it is on the items the renter has brought into the house/apartment. The owner has insurance on the building.
Which company offers the cheapest house insurance?
Before jumping into a conclusion, it is always better to browse around for some insurance quotes. Then you could compare it and get the cheapest house insurance. There are lots of house insurances available like progressive, renters etc.
Will rental insurance pay for wind damage to roof on a rental house?
This is not a covered peril on a tenants renters insurance policy. Nor should it be. This is the landlords responsibility.
Should I buy renters insurance when I rent a house?
yes. what if you fell and just happened to put a whole in the wall, are you covered?
If a skylight was damaged in a fire in a rental house is that the responsibility of the renter or owner?
Most Renters Insurance has a Liability component as well as personal property coverage. So if the fire was the renters fault the landlord could sue the renter then the liability insurance would pay.
Is my landlord responsible for damage to my personal property The leak is caused by excess snow on the roof It all happened in one day leak started came into house damaged property i came home 2 it?
Unfortunately, if you are renting No he is not responsible. You need to always have whats called "Renters Insurance". However, if the roof was previously bad and you made a written complaint, or it is on file, then Yes he is responsible. He new of the damage and didn't fix it. Renters Insurance is just like Mortgage insurance for a house. However Renters Insurance is a lot cheaper.
How much is Rental insurance House?
The national average renters insurance cost for a policy with recommended coverage levels of $40,000 for personal property, a $1,000 deductible and $100,000 of liability protection is $197, or about $17 a month, according to an Insurance.com rate analysis. But that's just one set of coverage limits.
Can you insure a house that does not belong to you?
You can obtain renters insurance that would cover damage to the contents. The homeowner should already have hazard insurance, so there is not any point in your trying to purchase that.
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.
Does renters insurance cover your stuff when outside your house?
There are different types of insurance, may be the insurance cover you are opting doesn't cover your stuff when you are outside the house premises. In that case you should ask your insurance agent to provide that insurance to you.
What does renter's insurance cover?
Renters insurance will cover your belongings in the house, and will also cover you for any legal mishaps you have with the landlord. It is prudent to have it as if for example there is a flood your belongings would not be covered by the landlords house insurance.
What is the cost of renters insurance online?
It all depends on the house and what you have in it. For example if you have a pool, you should expect to pay serveral hundred dollars more a year than if you do not.
