Posts tagged "Apartment"

AmFam | Reasons for Renters Insurance

You’ve built a home out of your apartment and filled it with all the things that make up your life. If these personal possessions were damaged, destroyed or stolen, would you be able to replace them? Check out this video from American Family Insurance and visit www.amfam.com for more information about renters insurance.

Apartment Building Insurance

For more Information on apartment building insurance visit www.alliedbrokersinc.com

Apartment Building Insurance – Helpful to the Building Owners

The insurance of the building tenants and their guest is a liability of the building owner which includes body injury and medical insurance which takes care of their medical expenses initially. Both the types of insurances are a must for the building owners. Apart from the above mentioned requirements, Apartment Building Insurance also needs to cover the repairs and maintenance of the building which is again the liability of the building owner. This type of insurance can also cover the loss of income which can happen if the damaged building is not suitable for residential purpose for a long period.

There are many insurance providers which offer apartment building insurance schemes which cover every aspect of this type of insurance irrespective of the need and size of the building and their price is also competitive which can easily be compared by the house owner before going for the most suitable insurance package for the building.

These type of insurance policies are serious in nature and are complex where the landlord liability is very high and the price of the policy is also very high and sometimes unaffordable by many landlords but they are abide by the law an have to have certain types of policies which are extremely important such as building insurance against damage and medical insurance to cover the injury to the tenants and their guests.

The landlord is also responsible for the repairs & utilities for the building and must have the insurance which covers mechanical breakdown of the air conditioning, electricity wiring, plumbing and so on. The best way to buy the most suitable insurance package at the most affordable price is to contact the insurance providers and know the essential parts of Apartment Building Insurance package which are must to have as per the law. Rest depends on the affordability and preference of the landlord.

There are number of factors which need to be taken into consideration before buying apartment building insurance. Insuring the physical damage to the property is a part of this type of insurance. The owner of the apartment must also take care of the accident injuries to the tenants and their guests also by insuring them against any injury.

My old landlord is trying to find things wrong with my apartment so he doesnt have to return my deposit back..?

Question by Joseph C: My old landlord is trying to find things wrong with my apartment so he doesnt have to return my deposit back..?
He’s been looking for the smallest things so he doest have to return my deposit,
this is what happened,:
when I moved in a year ago he showed me the basement and he told me that the only problem with it is that a corner in the winter it gets water on the floor, so he told me to avoid to put stuff in that corner.
I did what he suggested and I put all my stuff on the opposite side of the room….
suprise suprise, the basement got flooded completly, and ruined all my stuff, I had to throw everything away. I haven’t been able to use the second bathroom located in the basement cause of it, and I have’t been able to store nothing else .
I showed to him 2 minutes after I found out and his answer was ” I told you in the lease you were suppose to get renters insurance”.
First of all I’m not asking for any money or reimbursement, I never did, all I want is him to admit that out of a whole house technically I’ve been able to use only 1 of the 2 bathrooms promised in the lease, and 3/4 of the house cause the basement was not accesible.

MY QUESTION IS:

do I have a case or that sentence in the lease “I suggest you get renter insurance”, ruins everything.

sorry for my english, I dont speak very well yet.
thank you

Best answer:

Answer by kemperk
i am puzzled. While I know that mid-westerners love basements, in the SW, we don’t have them so we don’t consider them.

YOU KNEW x amount of water came in during the winter. sounds stupid………if i felt water
was going to come in, I would find out from experts, how and where, and then, I would
pay for water PROOFING in advance.

I would say you have no case but I WISH YOU DID.

I offer the supposition that the basement is extra. It might hold storage space,
a bathroom, a bed, etc. YOU did not seek experts to make sure the area was
dry after he told you it could flood.

I would have said either, “no thanks, I don’t want the chance of flooding” or I would have
said, “who is a water sealing service?” if I felt I was going to use the basement.

Maybe in your state, the LL is held responsible for the water tightness of basements.
IF so, ask them! CALL a RE firm and see if they do renting [ask for the broker]
and if yes, ask if the LL in your state is responsible for the water proofing of the basement.

sorry!

What do you think? Answer below!

Does my landlord need insurance?

Question by Kiddo: Does my landlord need insurance?
My lease references “manager’s insurance” so do they need to have it? Seems to me this implies that they have it and therefore if they don’t it is misleading?

I caused a fire cooking chicken (I didn’t know cooking oil explodes at random, I was standing right next to it too) and the surrounding cabinetry was damaged as well as the stove. I called my insurance agency and they say renter’s insurance does not cover the apartment – only MY things. So there is no way I could have protected myself against this – except maybe taking a course in chemistry?…My landlord made no reference of having insurance and charged me a large bill, which I paid, but now I’m thinking they should have made a claim with their insurance agency assuming they have one.

I would really like to get some of my money back, any suggestions on how to do this are appreciated.
Ok, thank you for all the emphasis on how it was my fault.

What I’m wondering is if my landlord should have filed a claim, had her insurance bring the charge down, and THEN billed me.

But I see that YOU all are A BUNCH of angry LANDLORDS bent on POINTING fingers at RANDOM people.
And please read the post, RENTERS INSURANCE DOES NOT COVER THIS.

And for the smartas$ who said I should take a cooking class – I was following a recipe. And people shouldn’t have to go to school for cooking to rent an apartment.

Best answer:

Answer by Landlord
No, you damaged this, you pay for it. Insurance does not cover tenant damages. It would only kick in if you burned down 25% of more of the building but you can bet the insurance company would turn around and get the money from you.

Just because he has insurance does not mean you can do things like this.

Know better? Leave your own answer in the comments!

Insuring Your Apartment Building

After years of saving and investing you have finally started to look for a form of rental property that you can buy and expect to provide you with a steady income. While individual rental homes can assuredly provide you with a moderate income, you are thinking on a larger scale and decide that perhaps owning an apartment building might be a much better investment. If you are going to invest your life savings in an apartment building, you will need to make sure that you have the right type of apartment building insurance to go with it.

The first thing you need to realize with owning any kind of residential rental property, including an apartment building, is that you are going to have to buy two forms of insurance. Not only are you going to have to buy property damage insurance that covers the building against any kind of damage, you are also going to have to purchase liability insurance that protects you in the off chance that one of your tenants or their guests are injured on your property. These two important coverage forms are usually now combined on one insurance policy.

You will find that no matter what state you own your apartment building in, you will be required to carry both of these forms of insurance. Building insurance is there to protect your investment in the event of anything happening physically to the structure. This can range from having a tenant break a window or get drunk and punch holes in the walls to a major catastrophe such as a fire that totally destroys your apartment building and with it your investment.

Keep in mind that just because you have invested in a building insurance policy that it covers the structure itself and everything that is a part of the structure. Your insurance does not cover anything that is owned by your tenants, it is up to each tenant to provide their own renters insurance policy to protect their personal belongings.

As part of your building insurance you may also want to look at a policy that covers mechanical breakdown so that in the event you have a heating boiler break down or the central air conditioning system goes on the blink, you have an insurance policy in place to cover the costs of repairs as these types of repairs can be very expensive.

While your apartment insurance is there to cover the cost of damage to the building, you will find that most landlords/building owners create their own insurance fund to cover small repairs by charging their tenants a security or damage deposit. This way they are not constantly bombarding their insurance company with small claims that are going to drive the cost of their insurance premiums up with every new claim.

The other insurance you are going to need is liability insurance. This insurance is in essence there to protect you from the legal costs and aspects should one or more of your tenants or their guests become injured on your property and the courts deem that it was due to negligence or fault on your part or that of one of your contractors or employees.

Liability insurance will cover paying for all of the person’s medical bills as well as any damages awarded by the courts. It will take care of any physical therapy and rehabilitation costs as well as pay your legal fees in the event that you are sued in a court of law for damages.

As with any type of insurance, you will need to shop around to get the best price. This is not something you should even contemplate buying out of the yellow pages. While you may find that there are insurance agents listed in your local phone book that sell this type of insurance, you can find the same or better coverages online from a wide variety of insurance carriers at much better prices than the average local insurance agency can afford to offer you.

Rather than spending countless hours searching every apartment building insurance company online to find one that is willing to provide you with the insurance coverages you need at a price you can afford, you need to visit the Building Insurance Experts. We are an insurance comparison site that will take your information and your requirements and submit them to a selection of the top building insurance companies in the country. Within minutes instead of hours you will receive quotes in your email that will help you to find the coverages you need at rates you can afford to pay.

How To Buy Renters Insurance

Expand the description and view the text of the steps for this how-to video. Check out Howcast for other do-it-yourself videos from Armando79 and more videos in the home insurance category. You can contribute too! Create your own DIY guide at www.howcast.com or produce your own Howcast spots with the Howcast Filmmakers Program at www.howcast.com It isn’t only homeowners who need to protect their belongings from fire, theft, or other damage. Renters can, and should, get insurance as well. To complete this How-To you will need: A rented apartment or house Belongings you want to protect Step 1: Evaluate your belongings Estimate the value of your belongings. This will help determine the level of insurance to purchase. Step 2: Itemize everything if possible If possible, itemize everything, noting value and purchase date. This will make filing a claim much easier. Step 3: Cash or replacement value There are two types of insurance coverage available, cash or replacement value. Cash coverage takes into account the age of your belongings, while replacement value covers the actual cost of replacing items. Tip: When selecting coverage, consider an item’s value to you, as well as the ease of replacing it. Step 4: Look at specific policies Your car or health insurance may also offer renters insurance, but be sure to shop around. Your current company may offer discounts, but they aren’t the only game in town. Step 5: Consider any extra floaters you may need Consider buying a floater …
Video Rating: 4 / 5

House owners need Apartment Building Insurance

Apartment Building Insurance is needed by the property owners quite considerably due to the fact they are extremely significantly needed by the house owners. They have a lot of facilities. For example if the residence got damaged from any organic calamities or any casualty home owners will get compensation from the apartment constructing insurance coverage. Residence owners are getting the adequate privileges from the apartment developing insurance. They are really a lot valuable for the landlords. They are supportive and beneficial.

Apartment Creating Insurance is required by the landlords. They are helpful to compensate the damages which are occurred by the natural calamities or any casualties. A building can get the damage by any calamity like heavy rain, storm, earthquake and so on. in this circumstances a landlord really should have adequate monetary assistance to compensate the harm of his developing. There is apartment creating insurance scheme to compensate the harm of the developing.

There is a program in any insurance coverage scheme. The method is to pay an insurance coverage premium periodically say monthly, quarterly, half yearly, yearly. They are very much helpful for the time when you want income. There is a technique which enables you to get the entire insurance cash at a time. You will be able to compensate your loss with the received compensation. Apartment creating insurance is comparable with any insurance scheme. The different is the home or developing gets insured more than right here.

Apartment Constructing Insurance is extremely considerably useful for the businessman also. If any business premises get damaged by any kind of natural calamities like heavy rain, earthquake, storm and so on. the businessman will get sufficient compensation to repair the creating. There is enough provision for the income of the building insurance coverage claim. They are very much necessary by the businessman. They very significantly helpful for the businessman due to the fact following obtaining a large harm of the building the businessman does not have the adequate strength to start the organization when again and in this predicament apartment building insurance can give them a great assistance.

Apartment Building Insurance is needed by the house owners simply because they will need the insurance coverage to compensate the damage of their home.

Apartment Building Insurance Compensate Building Collapse

Apartment Constructing Insurance coverage is expanding extremely popularly. There are an rising quantity of the residential properties in the world. In fact the planet population is expanding on the need of the residential apartment is also going on. Therefore the demand for the residential apartment is growing. Thus the inhabitants of a building feel the need of the apartment constructing insurance coverage so that any circumstances such as collapse of the whole developing might happen and there can be lot of casualties.

Really there are diverse factors which are regarded as at the time of acquiring insurance for a residential home or apartment. Insurance coverage of the damage and the loss portion of the constructing is not only the aspect of the insurance. It is also there in the insurance coverage that if tenants get any loss or harm the insurance apartment developing is liable for their injury also. If there is any guest in the constructing he will get the coverage of the insurance also.

An Apartment insurance contains the coverage for the physique injury and medical insurance also. It will pay initial medical expense for the injured celebration. All apartment constructing owners demand the each sort of the insurance coverage for the legal assistance. If there is any litigation cost. Liability insurance are there.

Apartment Developing Insurance should also cover the expense with regards to repairs and the maintenance. The developing owner is responsible for all kinds of the repair of the constructing such as any structural dilemma, mechanical difficulty and electrical problem. If there is the necessity of the care concerning the plumbing, heating, air conditioning, electrical appliances which are standard in the residential creating the apartment building insurance is giving coverage for these. The apartment constructing insurance coverage also gives coverage in the location of local buildings and health centre. The insurance coverage will be up to 12 months if there is any issue due to the repair and upkeep of the buildings. Apartment Building Insurance is valuable for the tenants since they also give coverage for them. They keep accounts of their loss and injury as well.

Landlord requestion walk-through of Apartment for “Insurance” purposes?

Question by Montana A: Landlord requestion walk-through of Apartment for “Insurance” purposes?
My Landlord just referred to as me out of the blue to inform me he needed to have a walk-through of the Apartment prior to the end of the month. He needed to do it tomorrow, but I pushed for Wednesday (I know legally he need to give 48 hours notice). When I asked him why he stated it was for insurance purposes.

We have not been late on any of our rent payments (he in reality has six months of post dated cheques) and we have not had any complaints against us from other tenants – everyone have any idea what “insurance coverage purpose” he would be referring to?

I’m not that worried about my side of the house, but my room mate’s space is yet another story – nevertheless that’s not even what bothers me, it is just type of…a negative feeling to have someone root by means of your stuff.
Title should say “Requesting” – sorry.

Greatest answer:

Answer by francine
He really should not be rooting by means of your stuff but rather hunting at the structure. He might be acquiring prepared to place the property on the marketplace and requirements a run via to see how items are getting cared for.

What do you think? Answer below!