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.
One needs a 3rd party insurance coverage to cover for damage for vehicle or property. This kind of insurance covers injury of others, including passengers in the car.
Liability insuranceIn the Unites States, a landowner can sometimes be held liable for certain occurrences on the owned land. A Landowner is typically NOT held liable for the actions of tenants. This is what Renters Insurance is for. A Tenant can purchase property and liability insurance on a tenants policy. A property owner also is Typically NOT liable for the actions of criminals or others that may have entered your property illegally.So while its a good idea to maintain some type of Liability Insurance for Vacant Land to cover some occurrences where the owner might be liable. One should not presume that the property owner is liable for anything and everything that might occur on the property.
Damage to Premises Rented to You - formerly known as Fire Legal Liability Coverage - covers your liability to others if you occupy leased or rented property for which you could be held legally liable for damage to the property due to fire or explosion.
Homeowners insurance is offered by several large insurance companies. They include MetLife, State Farm, and Travellers Insurance. There are several others available as well.
Normally an insured person on a life insurance policy lists another person as his beneficiary. If that person dies first, then when the insured person dies, it goes to his estate. In that case, the term estate does not refer to a piece of land. Estate refers to all of his property: Bank accounts, Insurance policies, unused IRAs, etc. Some of them may be designated and others not. Whatever he owned when he died is his estate as far as the law is concerned.
No, Renters insurance is coverage specific to household property or contents owned by the named insured. It does not cover the property of others and it does not cover automobiles. Neither Renters insurance nor Homeowners insurance will cover damage to an automobile. That's what auto Insurance is for.
yes
A homeowners policy is not the proper policy for property rented to others. It is only for owner occupied dwellings and will not cover damage caused by anything other than a covered cause.
In this state, your insurance covers property damage to others, the other persons car insurance covers his bodily injury if it is below $ 10,000, otherwise yours does.
It really depends on the context. It could be referring to the property that is insured, or if you are referring to property damage insurance (coverage actually) that is coverage for the damage you cause to the property of others. If you could explain in what context I could be of more assistance possibly.
Homeowners insurance is coverage for specified property owned by the named insured. It does not cover the property of others.
Many of the major insurers that offer home owners or car insurance also provide renters insurance. State Farm, Allstate, and others all provide renters insurance, and some websites can help you compare the costs and coverages.
Other than home owners insurance covering your primary residence where you live and rental property insurance covering a home that you rent to others there are a few differences in types of coverage. While most home owners policies cover the building you live in as well as your contents (TV, Clothes, etc...), most rental property policies cover only the building. This is because in a rental property situation you usually do not own the contents inside and the renters have renters insurance to cover their own contents.
Damage to both people and property are covered by auto insurance. Aside from protecting the insured against the claims of others (for bodily harm or property damage, for example), auto insurance typically helps pay for medical expenses needed by the insured or other person involved in the accident AND it covers costs leading to loss or damage of the automobile stated in the insurance.
I would go with renters insurance select. They are better than others and will help in your home cover renewal. You will not have a better option. Don't avoid them like the plague.
the owner of the gazebo if they were negligent the maintenance of it. Your homeowners insurance would cover the damage. However, some insurance companies provide up to $500 for property damage to coverage others absent of liability.
It depends on how the lease is written. You may be liable if the damage was done as a result of actions caused by the landlord, and as such the landlord is responsible for the sprinkler system. However, you shold be covered under your insurance or better yet the other tenant should be covered under their insurance. The damage was done as a result of a properly working system which contained a fire and any subsequent damage done by the water should be covered by each tenants "renters insurance". Unfortunately without reading the lease I can only speculate. You may need an attorney to read the lease and advise you, you may be able to find it in the lease yourself. It depends on how the lease is written. You may be liable if the damage was done as a result of actions caused by the landlord, and as such the landlord is responsible for the sprinkler system. However, you should be covered under your insurance or better yet the other tenant should be covered under their insurance. The damage was done as a result of a properly working system which contained a fire and any subsequent damage done by the water should be covered by each tenants "renters insurance". Unfortunately without reading the lease I can only speculate. You may need an attorney to read the lease and advise you, you may be able to find it in the lease yourself.