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Who needs property insurance?

Updated: 8/17/2019
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11y ago

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Anyone who owns a property, rents a property, apartment, condo, or farm.

AnswerAnyone who owns property. And I define property as ANYTHING and EVERYTHING you own. This includes renters- they need property insurance to cover their belongings...
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11y ago
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Related questions

Who needs to get property insurance?

Anyone that has a home that they own, even if it is not paid for needs to get property insurance. Property insurance is a type of home owners insurance. If you would like to save money make sure that you get quotes from several companies. Property insurance is a must for everyone.


Who needs rental property insurance?

You will need rental property insurance if your are the owner of a rented property. This insurance, in addition to standard household insurance, covers things such a public liability.


How can you get property insurance?

Look in the Yellow Pages or Internet for a local insurance call and tell them of your needs. You have a good chance of getting insurance. Either renter's or homeowner's insurance.


Where can I get a guide on property insurance?

You can find guides on property insurance from various sources such as insurance company websites, independent insurance agents, consumer advocacy websites, and government resources like the National Association of Insurance Commissioners (NAIC). These guides typically explain the basics of property insurance, coverage options, and tips for choosing the right policy for your needs.


Is a Section 8 Landlord required to have insurance?

Every landlord is required to have insurance, but now the question is what type of insurance. Property insurance is likely the type of insurance that the landlord is carrying. This does not cover anything inside the property that belongs to the tenant. For this, the tenant needs to purchase separate insurance called renters insurance.


Who needs lien insurance?

The lien holder would. A lien holder has a financial interest in the property


What companies offer commercial property insurance in Detroit, Michigan?

There are quite a few choices to choose from. I have used Michigan Basic Property Insurance in the past. They are online at: mbpia.com. Commercial property insurance is an important decision, though, so be sure to shop around for the one that fits your needs best.


Is it necessary to have insurance for a motorcycle when you purchase one and not currently have a license?

no it's not nessesary as long as the bike is on your property if it's in the street then it needs insurance if it's in your backyard then your straight


Where can citizens purchase property insurance?

Property insurance is critical to ensuring your assets remain covered in case of accident or disaster. To find out more and to find out what type of insurance is right for you, you should contact your local agent or broker. They will then tailor a package to best suit your needs and budget.


Can you carry homeowners insurance on company property?

Commercial property cannot be covered by homeowner's insurance. Commercial property insurance must be purchased for that category of property.


What is the Difference of life and property insurance?

Property insurance - If your property is damaged the insurance will pay for this to be repaired. Life insurance - If you die then your estate (or the named beneficiary) gets a payout to the value of the insurance.


What are some services that Federated Insurance provide?

Federated Insurance provides insurance for both personal and business needs. It provides group health insurance for small to medium sized businesses. It also provides life insurance, disability as well as casualty and property insurance.