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Kristin Said:

My Landlady has home owner's insurance on my rental. Should I take out renter's insurance?

We Answered:

Yes, liability.

And homeowners on the rental property, isn't necessarily going to give the landlord any COVERAGE.

So, say someone slips on your rug and breaks an ankle and sues you. YOUR RENTER'S polciy will cover you.

Your landlord's policy will NEVER EVER EVER cover YOU. It won't cover your STUFF.

So if the place burns down, you lose EVERYTHING. No coverage, unless you have renters insurance.

Hey, it's cheap - like $150 a year. So it's silly to NOT buy it.

Frank Said:

What type of insurance should I get on a vacation home / rental?

We Answered:

as the owner and in the event you owed a second/third party you must have an insurance, regardless you want to rented later, the renter should have rental ins on his/her own. If you do not owed such property to a second/third party, is just a good precaution to have it insured. no change will be necessary once you moved into it permanently later as you said just an update.

Jordan Said:

What is the best way to get rental insurance on a home in Florida? I am having a hard time finding a carrier.

We Answered:

Go to an insurance broker. They represent multiple companies and will find an insurer that will cover you.

Check the yellow pages for the area.

http://www.yellow.com/

Claire Said:

affordable house rental insurance agencies in fresno?

We Answered:

If you mean you own the home and are renting it out you need a landlord policy. Contact the agent that does your primary home insurance. They will be able to help or guide you.

If you mean you are renting a home and need a rental policy contact the agent that does your auto insurance. Most auto insurance companies also have renter's insurance and in most cases you can save more on your auto insurance premium than the cost of the rental policy.

Gail Said:

"if I rent a home and I crash into the garage door does my landlords insurance pay or my rental insurance pay?

We Answered:

How about, your auto insurance?


Your tenant homeowners policy does NOT cover damage you do to a premises that you are renting. That's a standard exclusion.

Your landlord's policy MIGHT have an exclusion for damage caused by the tenant, accidentally.

Your auto policy is the best source, but if you crashed not with a car, or have no auto insurance, likely the landlord will come after you directly.

Ultimately, YOU are responsible for damage you cause to the landlord's premises - accidental or deliberate.