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AllState provides Homeowners Insurance, Condominium Insurance, Renters Insurance, and Landlord Property Insurance.
No, landlord insurance does not provide protection to the renter. Landlord insurance simply covers the landlord if an issue that is of their fault arises. All other issues are at the renter's responsibility. All renters should acquire renters insurance.
In general, no. Renter's insurance covers the property of the renter, not the property of the landlord.
Your home renters insurance will cover you for loss or damage to the property which you own and which is kept within your rental property. Any damage to the actual structure of the building would be covered by the landlord's 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.
The diiference between landlord & renters insurance is that landlord insurance is a policy that covers property owner from financial losses with their property.Renters insurance is policy that cover the renter from financial losses or personal items.
Damage to anything covered by the landlord's insurance, because the landlord owns the property not the renter. Such damage would be covered under homeowner's insurance, because the homeowner owns the property.
No it is not required. Tenants can however get their own renters insurance to cover themselves.
Renters insurance and the Additional InsuredIt is common to list the property owner as an additional insured, After all you are renting his property and have accepted certain liabilities for damages to the property. The reason a landlord would require this is in the event that a loss occurs and the tenant refuses to file claim, the landlord as an additional insured can call and file the claim for you. AnswerThat is a good question. You are right to be cautious ask your insurance agent.
The answer is basically no. The landlord is never responsible for damages to personal property belonging to tenants in any dwelling or structure. That is why you are strongly encouraged to get renters insurance. In some cases you may have some recourse if the landlord knew of the problem. But if you get renters insurance be insurance company can determine that for you and they can seek damages from the landlord.
Rental insurance only covers the renters personal property such as clothes, T.V. furniture etc. Any repairs to the dwelling is the responsibility of the landlord.
no