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Will your renter insurance cover when there was a damage in parking lot with your vehicle?
Wiki User
∙ 9y ago
Of course not. Auto insurance has to cover your car and home insurance covers your home. Damage to you car is always covered under an auto policy. It is specifically excluded under your homeowner's rental policy.
Wiki User
∙ 9y ago
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Who pays for the damages to your vehicle if a rental car is at fault?
It all depends on whether the renter signed up for the car rental company's extra insurance coverage at the beginning of the rental. If LDW (Loss Damage Waiver) or CDW (Collision Damage Waiver) insurance coverage was accepted by the renter, you will likely be dealing with the car rental company's insurance. If the renter declined the extra coverage, then you will deal directly with the renter's personal insurance provider.
What would likely be covered under homeowner's insurance but NOT by renter's insurance?
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.
Is it a good idea to get renter's insurance when renting apartments?
Yes, you definitely need renter's insurance if you will be living in an apartment. In case of a fire or damage to the apartment, the building owners insurance will not cover your property. You need your own insurance for your things.
Can you cancel rental car insurance after purchase?
Car rental "insurance" is not always insurance. There are three types of coverages you can purchase. 1. Damage waiver is for damage to the car itself. It waives the right of the rental company to pursue renter or his/her insurance for damages to the vehicle. 2. Injury/property coverage is for people or items in the car. It covers injury to people inside the car if in an accident or loss of property in the event of break in. 3. Liability covers injury or damage to property if the renter or covered driver is at fault in an accident while driving rental car. The last two are insurance and are underwritten by an insurance company partnered with rental company. Damage waiver is not insurance and all three can be voided if the renter or driver are in violation of rental company policies. All three coverages are charged on a daily basis and can be added/removed at anytime. Most companies require vehicle inspection prior to adding coverages to avoid fraud.
Why do rental companies want to know your car insurance?
I can only speak for California, and in Ca we do not ask for proof of insurance. It's up to the renter to know what they have, and do not have. In Ca the renter is responsible for any damage regardless of fault.
Renter involved in marijuana growing in house does my policy cover police damage and renter damage?
My house was ;used by t;he renter to grow marijuana plants for 2 years. Police raided the house and the renter left but incurred a lot of water damage, holes all over the walls and ceiling and molds all over the house. Does my home insurance cover the cost of these repirs?
Would likely be covered under homeowners insurance but not by renters insurance?
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.
What kind of value provides replacement value for personal possessions?
Renter's insurance Renter's insurance
Is property insurance required on a rented house in Arkansas?
The owner of the property is required to have property insurance if the property is mortgaged or used as collateral in other transactions. This insurance covers the structure, its replacement, accidents or damage that occur on or as a result of the property and so forth. It does not cover the contents of the home that belongs to the renter. The occupant is responsible for renter's insurance, which, depending on the nature of the policy, covers different things. There is no requirement that a renter have renter's insurance. You should, however, make sure the property owner has coverage.
If you are renting an apartment and the water heater suddenly starts leaking will the landlord's home insurance cover damage to books and comic books?
Typically, the landlord's home insurance would cover damage to the structure of the apartment but not your personal belongings like books and comics. You would need to have renter's insurance to cover damage to your personal property in such a situation. It's important to have your own coverage to protect your belongings in cases like this.
Can you get renter's insurance in a building that is un-insurable due to roof condition?
No since an insurance company would not want to be liable for damage caused by the leaking roof.
Do I need renter's insurance in Massachusetts?
Renters insurance is needed in every state. Without it, any damage or theft of your personal possessions is your responsibility. Renters insurance covers your personal property.
