0
How can a tenant obtain insurance that covers damage his carelessness caused to the property he rents?
It's usually called a "Floater Policy." When renting you should always get a damage deposit from the tenant and if they leave your suite in ruins at least your insurance will pay for it. You have the right to give 24 hours notice to your tenant (by letter) stating that you will be inspecting the suite. If you haven't prepared yourself with a "Floater Policy" or obtained a damage deposit from your tenant then I'm sorry to say the cost will be yours unless you go to small debts court and it may not be worth your time. Before renting again take a picture of the suite with the date on the picture (use a video camera if possible) get the damage deposit and do a 4 months inspection (giving 24 hours notice.)
What else can I help you with?
What is the difference between property and casualty insurance?
Property insurance covers damage to physical property, such as homes or buildings, while casualty insurance covers liability for harm or injury caused to others.
What insurance covers stolen property on a job site?
Commercial property insurance.
What Florida homeowners insurance covers felons?
Homeowners Insurance Covers your Property. Not criminal activities
Will liability insurance cover damage to a person's vehicle caused by someone else?
NO, liability covers damage you do to someone else's property. Comprehensive insurance covers damage to your vehicle by someone else. If you have no comprehensive, then you will need to look to their insurance for recovery of damages.
What does property insurance cover?
If you mean property like the land, then the insurance covers the land the house is on. Other one is "property insurance" covers the items in your house, let's say someone broke in and stole your amazing 54in flat screen TV. You have property insurance and it covers the cost of the TV or part of the cost. You make a claim for it then insurance sends you money.
Which insurance policy covers various claims for mistakes neglect or carelessness in the normal business activities of a real estate brokerage?
liability
What automobile insurance covers property damage?
A. supplementao
Who needs rental property insurance?
You will need rental property insurance if your are the owner of a rented property. This insurance, in addition to standard household insurance, covers things such a public liability.
Can I get Car Insurance that only covers liability and property damage?
Yes, you can get auto insurance that only covers liability and property damage. However, you will need to purchase collision insurance if there is a lien on your vehicle.
What are the differences between comprehensive and third party insurance coverage?
Comprehensive insurance covers damage to your own vehicle from various causes like accidents, theft, and natural disasters. Third-party insurance covers damage to others' property or injuries caused by you in an accident.
Do renters insurance cover broken windows?
In general, no. Renter's insurance covers the property of the renter, not the property of the landlord.
The coverage included in an automobile insurance policy that covers property damage is what insurance?
its liability insurance
