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This
is an Insurance article by an independent author and jml
Insurance takes no responsibility for its accuracy or content
Rental
Property Insurance By Josh
Riverside
Most
landlords have insurance on the property they rent, but the
people who are renting can and probably should have renter's
insurance to protect their property. This type of insurance
covers items that are inside a rented property. In simple
terms, while the landlord may have insurance for damages to
his building, he or she probably does not have coverage for
the valuables you have in your rental unit. In the event something
happened to the landlord's building and you were displaced
for a time, the renter's insurance would also pay for your
stay. This type of insurance is also very handy for tenant
liability problems. If the tenant is supposed to maintain
the property but does not and someone is injured on the premises,
it is the tenant and not the landlord who may be liable for
this problem. If the renter had insurance, the claim would
be covered as long as the tenant is the one responsible for
maintaining the area.
If
the apartment or home you are renting is in a high crime area,
it is especially important to have renter's insurance. It
will cover all personal items that are stolen from the property.
If there have been repeated break-ins in the area, you may
have a problem getting insurance, so make sure you check that
out before you move into a rental space in a high crime area.
Renter's
insurance is like homeowners insurance. You pay a monthly
or yearly premium, as well as a deductible. The higher the
deductible, usually the lower the monthly payments.
Property
Insurance provides detailed information on Property Insurance,
Property And Casualty Insurance, Rental Property Insurance,
Commercial Property Insurance and more. Property Insurance
is affiliated with Home
Renters Insurance.
Article
Source: http://EzineArticles.com/?expert=Josh_Riverside
The
information supplied on this page is by a third party and
jml Property Services do not take any responsibility to its
accuracy ©jmlpropertyservices 11/06
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