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Yes, but only for the dwelling, not for your renter's belongings. be sure to notify your insurance company that you have renters, your rate will go down because they're not insuring your belongings...and be sure to tell your renters about renters insurance. It should. Read your policy for coverage and see if there is a clause of replacements of items in which way they get damaged. I dont think water damage should be covered any differently then fire damage. The item is damaged and needs to be replaced. You can call your agent and ask them they should be able to tell you positively.
Wiki User
∙ 17y ago
Wiki User
∙ 8y agoNo. A standard homeowners insurance policy is null and void once you rent the home out to another person regardless of whether you have notified the company or not. The language is automatic. If you have renters in your house then you are required to have the appropriate Landlords insurance coverage for the home. Landlords or tenant occupied polices provide coverage specific to that risk.
The terms of a homeowners insurance policy require that the homeowner notify the company in the event of a change in occupancy. This requirement is necessary to evaluate the property owners coverage needs they no longer live in the house.
Tenant occupied properties present a different risk to an insurer than an owner occupied policy and must be rated accordingly.
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Is renters insurance included in your rent?
Chances are: no. Renters insurance covers your personal property and liability and not your landlords. As such they would have little reason to provide insurance on your behalf. Luckily, renters insurance is usually very easy to obtain and even more affordable. A quick google search for renters insurance will direct you to plenty of sites that can assist you with obtaining a policy.
Where can I learn more about renters insurance in PA?
Going to any insurance company that offers renter insurance would have all the answers to your questions. But, you can also go to: www.rentersinsurance.net/pennsylvania.htm And find out about renters insurance.
What company offers E Renters Insurance?
Renters insurance is offered by many companies in the United Kingdom, including HomeLet Insurance, Directline or Home Insurance UK. Another option would be to contact a local agent to find the perfect fit for one's situation.
Where can I find the average price for renters insurance?
You can find the average price for renters insurance at www.averagecostinsurance.com. For your information according to the Insurance Information Institute, a renters insurance cost would be somewhere around $150 to $300 per year of coverage, and prices may vary depending on the amount of deductible and additional policies you would like to take.
Is renters insurance required in California?
Unlike auto insurance, there is no state law in California that requires a renter to carry insurance. However, there is a growing trend of Landlords requiring their tenants to carry renters insurance as a part of their lease agreement. Regardless of whether or not your landlord requires you to maintain insurance I would recommend looking into obtaining a renters policy for yourself. Renters insurance is usually very cheap in California. Many renters policies not only cover your personal property in your apartment, but anywhere in the world as well.
What does home renters insurance cover?
Your home renters insurance will cover you for loss or damage to the property which you own and which is kept within your rental property. Any damage to the actual structure of the building would be covered by the landlord's insurance.
Are renters insurance select any good?
I would go with renters insurance select. They are better than others and will help in your home cover renewal. You will not have a better option. Don't avoid them like the plague.
What kind of insurance determines the value of what was destroyed or damaged by fire or other events causing loss?
This would be either your homeowners insurance or your renters insurance.
Does renters insurance cover television damages?
If you have contents coverage on your renters policy, Not just liability for the landlord and the television was damaged by a covered peril then yes it would be covered.
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.
Why would a landlord request that he be named as an additional insured party on your renters insurance policy?
Renters insurance and the Additional InsuredIt is common to list the property owner as an additional insured, After all you are renting his property and have accepted certain liabilities for damages to the property. The reason a landlord would require this is in the event that a loss occurs and the tenant refuses to file claim, the landlord as an additional insured can call and file the claim for you. AnswerThat is a good question. You are right to be cautious ask your insurance agent.
Do you need insurance on a small boat?
If you have a loan, probably. No loan would mean no requirement. Common sense though would require it. Adding it to your home insurance or renters insurance would probably cost pennies.
