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Will house insurance cover main support beam broke in your rental apartment building?
Wiki User
∙ 13y ago
It depends on the covered "perils" listed in your policy but I definitely would not rule it out. For example, if your policy covers the peril of "collapse" which generally covers collapse of the building due to the weight of ice or snow, and your main support beam broke due to the weight of ice and snow, it would then be covered and the insurance company would pay to repair the damages, less your deductible.
Furthermore, if, by "rental apartment building" you are alluding to the fact that you own the building and rent out apartments within it, the policy will have been rated differently than a single family structure. Additionally, a commercial form of policy would have been issued. This may or may not track the same sort of perils included in a standard HO-2 or HO-3. Therefore, it is critical that you consult with a licensed commercial lines insurance agent in your state.
Wiki User
∙ 13y ago
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Can rental insurance be changed if you move to a different apartment/ complex?
It's best to check with the insurance provider but you should be able to transfer it with no issues as the insurance is for yourself/your belongings, not the apartment building itself.
How expensive is rental insurance for apartment dwellers?
You can get about $10,000 worth of apartment insurance for about $12 a month.
If you fell on your apartment stairs is this covered by homeowners insurance?
Usually not. Your apartment building will have a master insurance policy in which this is covered under liability. Now, if someone falls inside of your four walls of your apartment, you can cover this under your rental insurance liability portion of your policy. A normal insurance company can get you a policy usually pretty reasonably priced.
How much does rental insurance cost?
Well in an apartment it's about $340 or if you're in the U.K
What is apartment rental insurance?
There is renters insurance that insures the belongings inside of an apartment in case of robbery, theft, destruction, fire, or any other disaster usually excluding floods.
Why is it important to have rental insurance for an apartment?
Rental insurance protects all of your belongings in your apartment in the event of a fire or other mishap. You should only buy insurance on things you can't afford to replace, so if you can afford to buy all new stuff - clothes, furniture, you get the idea, then you don't need renters insurance.
Do I need rental insurance for a vacation rental home?
Rental insurance is usually for when you buy an apartment or a condominium. It is also a good idea to buy it with your vacation rental home since you do not know what damages your vacation rental home may undergo, and one day a catastrophe may destroy it. You will want to be insured for that.
what are the rates for rental insurance?
There are a variety of types of renter's insurance with many different rates. The differences in rates depends on the situation and how much value there is in the apartment.
my landlord has given me notice to get rental insurance which is fine but he has set the amount of $3000 is that legal?
It is if you agreed to it in a contract. Otherwise the rental insurance is based on the value of what you own not the building you are renting.
my father is in nursing home now for recover his accident, he need a home with elevator in it for his medical reason preferred in downtown manhattan ny area. please help where should i contact or should do?
This is the complete list of rental apartment buildings in Downtown Manhattan area I have been found. You can further refine your search by neighborhood: * Battery Park City Rental Apartment Buildings (25) * Central Village Rental Apartment Buildings (21) * Chinatown Rental Apartment Buildings (1) * East Village Rental Apartment Buildings (100) * Financial District Rental Apartment Buildings (32) * Little Italy Rental Apartment Buildings (3) * Lower East Side Rental Apartment Buildings (34) * NoHo Rental Apartment Buildings (2) * NoLiTa Rental Apartment Buildings (15) * SoHo Rental Apartment Buildings (14) * TriBeCa Rental Apartment Buildings (8) * West Village Rental Apartment Buildings (101)
Rental Insurance Protects Your Personal Belongings?
Although you may not own the home or apartment in which you live, having insurance for yourself and your possessions is still important. In the event of a disaster, your landlord's insurance will only cover building structure and not your personal property. Coverage provided by rental insurance includes: personal property, including furniture, clothing, appliances, computers; liability of someone is hurt in your residence, and; damage to your property caused by an event such as fire, smoke, theft, adverse weather, water and plumbing mishaps, and the like. Rental insurance may be obtained through most major insurance companies.
What should be the price for apartment rental insurance?
According to independent insurance agents and brokers of America (IIAB), the average cost for renters insurance is about $12 per month. All depending on the property in question.
