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Depends on which type of insurance, property or renter's. Your Landlord pays property insurance, which covers all of the property, including your home's infrastructure. But it does NOT cover the belongings of you, the Renter, such as your TV/Stereo, etc., any injuries your visitor may suffer while inside your home, and any damages to the unit your landlord may seek reimbursement of. Your Renter's Insurance, on the other hand, is paid by you, the Tenant. It covers up to a certain amount you elect, for example, $30,000, for the cost of replacement of your belongings in the rental unit. It also covers up to about $100,000 in property damage for your Landlord (such as if you set the unit on fire by accident), and up to a certain amount you elect in visitor injury.
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What are the advantages to purchasing apartment renters insurance?
The main advantage to purchasing apartment renter's insurance would be that your belonging will be insured if disaster should strike.If a fire occurred they would pay you to replace your items.
Jasmine has rented an apartment for 575.00 a month She must pay the first and last months' rent as a deposit How much will she pay for a deposit?
1150 A+
Who is responsible if a rented car is involved in an accident?
The person who rented the car will be responsible for it. When renting a car it is a good idea to either pay the insurance, check to see if your current auto insurance will cover it, or if the credit card you use may have an insurance policy.
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
Which type of insurance would pay for the replacement of a computer stolen from an apartment?
renter's insurence
Can landlords require renters to pay for a hotel while apartment is under construction?
The landlords insurance would cover the hotel costs if your apartment was damaged under a covered insurance loss. Your tenants insurance would also provide coverage as well.
Do you have to pay tax on apartment rental if apartment is secondary residence?
You should negotiate about tax with house owner
Do I have to pay for a rental car if i just scratched their car?
It depends on the state you rented from, but more or likely yes you would need to pay to have car repaired.. Either via your insurance or out of pocket.
Should I purchase additional insurance from a car rental company or just use what I have on my vehicle?
Car companies offer rental insurance when a car is rented for ease of access. Depending on the rates on which are offered and the amount you are willing to pay it may be suitable to your needs to buy their insurance. It could be the best and most convenient option for you.
Should your teenager pay for insurance?
no
If you are emancipated can you rent an apartment in Texas?
If a person is emancipated from their parents they should be able to rent an apartment. They will have to meet all the requirements to rent the apartments and be able to pay for the apartment.
Do you have to pay your deductible if you crash a rental car?
Read your contract, or talk to the branch where you rented the car. Usually a deductible only comes into play if you did not purchase insurance on the rental car and your own insurance policy is involved.
