Are you covered by renters insurance? YOU SHOULD BE
What do you know about
1. The owner of the building in NOT legally responsible for loss to the tenants personal property, possessions or personal liability, and OWNER’S INSURANCE WILL NOT COVER such losses or damages.
2. The owner’s insurance company may have the right to attempt (under the “subrogation clause”) to recover from the resident(s) payments made under owner’s policy for damages or injury to owner’s property that is caused by resident, resident’s guest(s) or child (children).
The following is a list of possible misfortunes (but not limited to) which you are legally responsible for:
1. Your baby-sitter or a guest is injured in your apartment.
2. Your defective electrical extension cord starts a fire which causes damage to the building and your personal property and/or the personal property of others.
3. A friend injures his back while helping you slide your refrigerator out so you can clean behind it.
4. While fixing your toilet, a repair person hired by you is injured when they slip on the floor you have just waxed.
5. Your car is broken into and your personal property, and that of a friend’s, is stolen.
6. A burglar breaks your front door lock and steals your or your friends’, valuables or personal property.
7. Damage resulting from any personal appliance.
8. Any broken window.
9. Activities of your children causing property damage or injury.
10. Loss of any stored items in your porch, patio, or your ministorage or other personal storage area.
11. Your dog bites a child while you are walking at the park.
July 27, 2012 Fire Damage