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Why will landlords require their name get added to the tenant's insurance policy?
Wiki User
∙ 14y ago
Usually tenants are responsible for accidents in their apartments. But that doesn't stop injured people from suing EVERYONE including the landlord, on the theory that maybe the reason for the accident was something the landlord was responsible for (bad electric wiring that the tenant made worse for example) or say a bathtub that had no 'non-slip' strips in the bottom and the tenant got hurt. So the landlord will want to be what's called an "additional insured" on a tenant's liabilityinsurance policy. That's the kind of insurance that protects against things like accidents that hurt people and damage property. By adding the landlord's name, if the tenant and the landlord are sued, the tenant's insurance company would be required to also defend the landlord. That doesn't mean that if the landlord loses that the tenant's insurance company pays the damages that the landlord owes, it just means the insurance company pays for the lawyer and defense team.
Wiki User
∙ 14y ago
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Does homeowners insurance cover tenants?
No, your homeowners insurance does not cover tenants nor any of their property or liabilities. actually, the presence of tenants without the presence of an owner can void all coverage and nullify the homeowners insurance policy. If the occupancy status of your home changes, contact your agent. Leased homes require landlords insurance. Vacant homes require a vacant property policy.
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.
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 landlords contents insurance good?
Landlords Insurance offers landlords contents insurance policies. It is a specialize insurance for landlords that protects them against property damages or losses. It is a good policy to have if you are a landlord.
Does a landlord have to provide an insurance policy for the tenants in Tampa, Florida?
No it is not required. Tenants can however get their own renters insurance to cover themselves.
Why would my tenants wants to be on my home owner's insurance policy?
Not sure. But if they have no legal interest in your home then they cannot be listed on the policy. The tenants can obtain renters insurance which will cover their personal property.
Why does a tenant need a certificate of insurance?
Landlords generally require a tenant to have a certificate of insurance showing that the tenant has personal belongings insured, as the landlord's policy doesn't cover personal property of the tenant.
Does homeowner's insurance cover damage done by renters?
Homeowners insurance No. But a landlords Dwelling Policy yes.
In Texas can a landlord give a senior citizen discount only to new tenants and not existing tenants signing new lease?
Yes, landlords in Texas can offer a senior citizen discount to new tenants only, as long as this policy does not discriminate against existing tenants based on age. Landlords are not required to offer these discounts to all tenants, and they are allowed to set their own rental terms and conditions for new leases.
Does the building owner s property insurance ever cover the tenant's personal property?
Landlords contents and communal contents may be insured, but it is very unlikely that the tenants personal items would be included on a general buildings policy.
Does homeowners insurance cover rental property damages?
No, you would need to purchase an Insurance policy for your Rental Property. Sometimes referred to as landlords Insurance.
Why would it be important for tenants of an apartment complex to have insurance on the contents of their apartment?
It is important for tenants of an apartment complex to have insurance on there personal property. Theft fire, and flood are among the biggest reasons to have such a policy.
