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Landlord Property Insurance is insurance that a landlord should have on any properties that he or she owns. Landlord insurance will protect the landlord from any damage that may happen to the property as well as any liability claims that may be made against the Landlord.
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∙ 11y ago
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The coverage included in an automobile insurance policy that covers property damage is what kind of insurance?
Liability Insurance
My landlord said that the tenants are responsible for getting an insurance policy to cover against storm damage, flooding, etc. Is that true or is the landlord liable for that kind of insurance?
This varies from landlord to landlord. If you are staying in full fledged apartment, the insurance will be taken care of by the apartment owner itself. otherwise if you staying in independant house, we have take care of insurance cover for strom damage, flooding.
Does A person who rents a residence not need to have property insurance?
A person who rents a residence can obtain "renter's insurance". That kind of coverage protects the tenant's contents (personal property). The owner of the building is ordinarily responsible for maintaining insurance on the structure.
What kind of damages does insurance for landlords cover?
The purpose of landlord insurance is to reimburse a landlord if for some reason he is unable to use his property for income due to a tenant. For instant, it covers damage done by a tenant, as well as reimbursement for lost rent while the apt. is uninhabitable, and it even covers court costs.
Is A property or liability insurance policy a business or liability contract?
A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...
What kind of protection does property insurance provide?
It provides protection against damage or theft to items on your property. If something like a fire happens at your residence and damages your property, property insurance covers that.
What kind of services does DirectLine Insurance offer?
DirectLine is a UK-based insurance company that offers a range of insurance services, including car, home, travel, pet, breakdown, landlord, van, and business insurances.
What kind of company is Citizen Insurance?
Citizen Insurance is a property insurance company. You can insure your building, your contents or both. They have a range of policy options that are flexible around your requirements.
Do you need a license to sell commercial insurance in Texas?
Yes, you need an insurance license to sell any kind of insurance in Texas. For "Commercial Insurance" operations, you will need a Property and Casualty Insurance License form the state of Texas.
Why will landlords require their name get added to the tenant's insurance policy?
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.
Can Chicago Home Insurance provide my homes and properties insurance at multiple locations.?
Most insurance companies would be able to provide this kind of insurance on multiple properties in multiple locations. Insurance companies do not need to be local to the property that they are insuring.
What kind of insurance is tax deductible?
Insurance for one's personal property such as auto or homeowner's insurance is tax deductible. Other tax deductible insurances are medical and dental insurances.
