0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What kind of insurance should you ask your tenant to carry?
Renters insurance .
Can you carry renters insurance over to a new home?
Renters Insurance doe snot cover "Real Property". If you have purchased a home then you need a Homeowners Insurance Policy.
Is renters insurance required in California?
Unlike auto insurance, there is no state law in California that requires a renter to carry insurance. However, there is a growing trend of Landlords requiring their tenants to carry renters insurance as a part of their lease agreement. Regardless of whether or not your landlord requires you to maintain insurance I would recommend looking into obtaining a renters policy for yourself. Renters insurance is usually very cheap in California. Many renters policies not only cover your personal property in your apartment, but anywhere in the world as well.
Is a tenant in Arkansas required to carry renters insurance or can it be placed on the lease by the landord?
Yep, It's become the industry norm to require tenants carry a renters insurance policy. This protects the property of both the landlord and the tenant as well as certain liabilities of the tenant in the event of damages or loss concerning the rented property. It's in the lease contract. Failure to provide the coverage is a breach or default of contract and he landlord can buy whatever he wants and bill it to you.
What happens if you choose not to carry home owners insurance?
Your Home will be considered Un-Insured
Can you carry auto insurance with no car?
You have to have a vehicle to carry auto insurance.
It is not necessary for a business to carry business insurance.?
It is not necessary for a business to carry business insurance.
Does homeowners insurance cover renters belongings when their house was broken into and items were stolen?
If you are the owner of the house, and are renting to tenants (making you the landlord), then you only have insurance on the house (dwelling coverage - not homeowners coverage) and not the personal contents of the renters. In this case, no, your insurance will not cover their loss. It is the responsibility of the renters to purchase insurance coverage on their personal belongings. If you are the renter (tenant), then you have to buy contents coverage on your personal belongings, such as furniture, clothing, etc. The landlord is not responsible for your belongings, whether the loss is from robbery, fire, etc. In order to purchase homeowners insurance you have to own the home (but it can still be mortgaged) and you have to live in the home. Otherwise, you have to have a dwelling policy on the house if you want it insured, whether it's vacant or rented. If, however, there is still a mortgage on the house, the bank (or mortgage holder) will require you to have insurance on it. If the house is paid for, then it is at your discretion whether to have it insured or not, for the value of the house. But if you rent it out, your state may require that you carry liability insurance on it.
Does a auto repair body shop have to carry insurance?
yes it has to carry insurance because they are dealing with so many of other people's cars there for they have to carry auto insurance.
If I am wealthy, do I have to have MA car insurance, or can I take my chances and pay out of my own pocket if something happens?
You are required by law to carry at least liability insurance on your vehicle. The law applies to all residents.
Do you have to carry SR 22 insurance whether you are driving or not?
Do you have to carry sr 22 insurance for a motorcycle in Florida
Is a photographer required to carry insurance?
Yes, a photographer is required to carry professional liability insurance. A photographer will be denied shooting if they cannot prove that they have insurance.
