Renters Insurance

A kind of home insurance designed to protect the holder from liability arising out of losses, damages and accidents that occur in a rented home, apartment or condo. Policies usually include replacement cost.

Asked in Apartments and Home Rentals, Insurance, Renters Insurance, Landlord-Tenant Issues

Can i be evicted for not getting renters insurance?

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Yes, you can. If it's in your lease contract that you signed and you don't have it, then you are considered in default or violation of the lease already.
Asked in Landlord-Tenant Issues, Renters Insurance

What does a credit check for an apartment consist of?

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Mostly a pull from the three main credit reporting agencies, Transunion, Equifax and Experian. This will show any recent judgments related to eviction, which is often the main reason for the background check, but can also show if the renter's debt picture (and income picture to the extent it's listed) leaves enough money to pay the rent. These will also show recent bankruptcies (which from a landlords point of view, are oddly a good thing). More expensive background checks may divulge criminal convictions and charges, which are probably more than a landlord needs to know. Also included are prior addresses, which can be queried for references. The most expensive legal, civilian backgruond checks may include international travel, product and service preference, names of friends, family, neighbors, schools attended, children (and their schools attended), sometimes academic performance, possession of firearms licenses, lists of owned real property, and quite a lot more. For purposes of background checking a renter, this would be overkill. Gray Intel backgruond checks can reveal far more than this.
Asked in Insurance, Renters Insurance

Can you get rental insurance with a trampoline on the property?

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Yes, most likely because renters is more for you, the apartments contents and your persoanl liability. Your landlord however could have his fire policy cancelled or require you to remove the liability so he is not at risk.
Asked in Renters Insurance, Legal Definitions

What does abode mean?

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abode means a self containtain place to live in. A house or an apartment would be examples
Asked in Insurance, Homeowner's Insurance, Renters Insurance

Will homeowner's insurance cover a stolen car?

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The simple answer is NO. Homeowners policies will specifically exclude any vehicle licensed or intended for road use. To get coverage you will need to have Comprehensive coverage on your auto insurance policy.
Asked in Apartments and Home Rentals, Insurance, Renters Insurance

Can you use your renter's insurance to replace stained carpet?

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What was the cause of the stain? If same came from a leak from a common source, the property owner's PD carrier would most likely be responsible. If you caused it, I do not believe your carrier would extend coverage. Do you have an endorsement on your policy that covers this type of occurrence?
Asked in Insurance, Renters Insurance

How much does rental insurance cost?

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Well in an apartment it's about $340 or if you're in the U.K
Asked in Apartments and Home Rentals, Insurance, Renters Insurance

Can you get renters insurance if you rent a room or a space above the garage mother inlaw space situation?

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I would think so. Renter's insurance covers your personal property (clothing, furniture, any personal effects not used for business purposes) as well as providing liability coverage for you in the event you are liable for property damage or bodily injury to another. Where you rent should have little bearing on getting coverage.
Asked in Apartments and Home Rentals, Insurance, Renters Insurance

If you share an apt. with your girlfriend and your renters insurance is just in your name is this a bad thing even if most of the contents are yours?

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Each policy and each state is different. Sometimes living with someone constitutes common-law marriage. Most of the time, your policy will only cover your possessions, BUT the liability portion should cover ALL Accidents.
Asked in Apartments and Home Rentals, Renters Insurance, Landlord-Tenant Issues

Is the tenant or landlord responsible for damages in an apartment fire?

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From an insurance perspective the landlord should have coverage on the building and the tenant should have coverage on his/her contents. Legal liability may be a different issue depending on the circumstances of the fire.
Asked in Business & Finance, Apartments and Home Rentals, Insurance, Renters Insurance

Can you get renters insurance if you have had a bankruptcy?

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Yes, in most cases your credit history can not be the sole basis for rejection of coverage. Your claims history and animals will be the biggest determining factor in whether you get coverage or not.
Asked in Apartments and Home Rentals, Insurance, Renters Insurance

What is the average cost of renters insurance in Boston MA?

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$223. try this site where you can compare quotes from different companies: insureinfo.us good luck
Asked in Apartments and Home Rentals, Insurance, Renters Insurance

Can a landlord request renter's insurance to be mandatory?

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Yes, it can be included in the lease. It will only cost you less than $250/year depending on the amount of coverage and protects both your personal property and your liability. Plus, if the building burns down or some other loss, pays for you new place to live and other inconveniences. The real question is, why fight it? why would you not buy coverage required or not? 4lifeguild
Asked in Apartments and Home Rentals, Homeowner's Insurance, Renters Insurance, Landlord-Tenant Issues

Is the landlord or tenant responsible for damage caused by vandalism?

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Unless the tenant was involved in the vandalism, the landlord is responsible for the repairs.
Asked in Apartments and Home Rentals, Insurance, Renters Insurance

Your renter started a fire and has renters insurance how much will it cover?

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most renters policies only cover the personal property of the renter. The property owner typically carries insurance for the Hazard of Fire.
Asked in Repossession, Homeowner's Insurance, Renters Insurance, Auto Accidents

Who is responsible for damages during towing?

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Damages that happen as a result from pulling you car from a ditch or from an accident are not the "fault" of the towing company, after the car is loaded any damages are the "fault" of the towing company so it depends on when the damage occured.
Asked in Business & Finance, Insurance, Renters Insurance

How do you determine what your rental insurance needs are?

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How much personal property do you have? *You want to look at all your personal property (clothing, electronics, kitchware, furniture, etc) basically if its yours you want it insured. Then you want to look at any type of high value items you may have, jewelry, computer and software, gun collection, or maybe coins. An insurance company will ask you if you have any of these, they may also have a minimum amount they write, find that out too. I typically go with at least 15K then go up from there. To help determine how much coverage you need for your possessions you can get free dowloadable software from the Insurance Information Institute at: http://www.iii.org/media/publications/brochures/homeinventory/. For liability coverage don't be penny wise and pound foolish. I would look at a minimum $300,000. The additional cost to raise your coverage from $100,000 to $300,000 is generally about $10/year!
Asked in Apartments and Home Rentals, Insurance, Renters Insurance

What does lose of use mean on a renters insurance policy mean?

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Loss of use is usually a coverage of the costs incurred by someone as a result of your accident. If your water heater busts and ruins your carpet you may be insured for that and get new carpet. The loss of use clause is there to pay for your downstairs neighbor to stay in a hotel while her flooded apartment is cleaned up. You didn't destroy it but there is a "loss of use".
Asked in Apartments and Home Rentals, Insurance, Auto Insurance Claims, Homeowner's Insurance, Renters Insurance

Is moth damage covered by renter's insurance?

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It depends on the covered perils and exclusions of the policy as they vary greatly from policy to policy and company to company. Generally speaking damage caused by animals and insects is excluded from coverage.
Asked in Firearms, Apartments and Home Rentals, Insurance, Renters Insurance

Does renter insurance cover your gun?

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You should check with your insurance agent. Different companies/policies may have different stipulations.
Asked in VW Jetta, Renters Insurance, Landlord-Tenant Issues, The Difference Between

Who is responsible to repair a front door on a rental property that was kicked in by the police?

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The suspect is responsible. The cops are not responsible, nor should they ever be. If the suspect is convicted, the landlord may be able to get victim’s compensation.

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