Although landlords are bound to hold insurance over their properties, their main priority is the property itself. In a lot of cases there is a slight disregard to the tenant in unfortunate situations. For example, if there were a fire, the landlord's priority would be to ensure the building was repaired, it would then be down to the tenant themselves to deal with the issue of damaged or lost property, which would be covered by the renter's insurance,
Renters insurance .
Every landlord is required to have insurance, but now the question is what type of insurance. Property insurance is likely the type of insurance that the landlord is carrying. This does not cover anything inside the property that belongs to the tenant. For this, the tenant needs to purchase separate insurance called renters insurance.
Sewage back up is a rider that you must purchase. But if you are a tenant, it would be your landlord's responsibility to purchase the coverage. Check with him.
No, a homeowners insurance policy does not provide coverage for the property of a tenant. That's what "Renters Insurance" is for.If the renter chose not to purchase a renter insurance policy, Then the renter was negligent to the extent that the renter chose not to purchase a renter insurance policy, perhaps with the mistaken belief that the owners policy would cover them.
If you Goggle renters insurance it will give you a wide variety of options. The insurance will depend on how much your apartment contents are worth. For instance, if you have new high end leather furniture and a good wood bedroom set, you would want content insurance in the event that another tenant has a cooking mishap.
No. "Renters Insurance" is property coverge for a tenant. It will cover the property of the named insured Tenant or Renter that is located within the rented dwelling. It will not cover property of someone who is not a named insured on the policy.
A renters insurance policy offers coverage on a tenant's possessions and contents of the rented property in the event of loss or damage from fire or other catastrophe. While a tenant has no responsibility to ensure the property itself, should they incur a loss the insurance would help them replace their possessions.
If you are a tenant who rents out an apartment, house or building for living space it is a great idea to get renter's insurance. Without renter's insurance you could lose all of your personal property and valuables if a fire or burglary ever occured. The homeowner's insurance would cover the dwelling but not your personal belongings. When you're renting, you'll want to buy renters' insurance to cover your stuff. Here's a place that sells policies: http://www.statefarm.com/insurance/renters/renters.asp
The dwelling Owners policy does not cover the property or liability of a tenant. Rental dwellings are covered under a Dwelling Policy that covers rental properties not a homeowners policy. If the tenant seeks coverage, the tenant must buy his own Renters Insurance Policy.
Your land lord is not responsible for any damage to or loss of personal belongs. This is why you would want to get renters insurance. The owner of the home should have it covered with "Home Owner's Insurance", which doesn't cover a tenant's belongings should there be a fire, etc. Renter's Insurance covers the tenant's belongings. Without it, a tenant would not be eligible for a claim and would not be able to recoup any losses.
The Landlord can keep the deposit for any damage. No matter who or how it was caused. You should have renters insurance to take care of anything like this.
Follow the landlord tenant laws in your state. Many provide for a 30 eviction without cause.