When most people think of landlords they think of somebody renting out a house or apartment to tenants. While this is true, landlords can be a very diverse group. They also rent out commercial properties or their own home. They all do share one thing in common though. They are all at very serious risk unless they are covered under a landlords insurance policy.
The main reason to have a good policy in place is because of the potential damage a tenant can do. This includes both malicious and accidental damage. They also are at risk of theft in some cases. They also face legal charges stemming from any accident that result in an injury to third parties that are on their premises. This would include visitors that are not on the lease. These injuries may happen on a residential or commercial property. The law knows no boundaries in that regard.
The list of what is covered and what is insurable vary depending on where they live. Many people will think their home owners insurance will cover them in case of something happening. This is simply not the case. No matter where you live, there are different laws that apply when you are renting instead of actually living there.
The good news for landlords is that there our policies available for them and they all offer varying degrees of coverage. They simply have to go to an insurance office and look them over until they find the best policy for their needs.
To learn more about landlords insurance, please visit this link.
Filed under Home Insurance by on Jun 7th, 2010. Comment. 
Can someone tell me where the money is going?
Its not the weather bit I’m on about (but whoohoo anyways), its the bit below that, that an AXA spokesperson has said…
All these people have home insurance, they have paid into a fund to protect there homes from various accidents, criminal intrusions and acts of God. Why the hell should insurance companies get funding from the government as well? Surely they should be managing their accounts better!
http://uk.news.yahoo.com/skynews/20080721/tuk-hotting-up-summer-finally-here-45dbed5.html
Read the article a littel more carfully – the insurance company is telling the government that it needs to invest the money in flood defences so that the damage isn’t repeated – they are not asking for the govenmetn to give them money!
Filed under Home Insurance by on May 23rd, 2010. Comment.
Can an health insurance policy be purchased on an newborn, without insuring the parent?
Issue: An unmarried college student, living at home, and covered on her parent’s health policy as a dependent is pregnant. The newborn will be her dependent, not her parent’s so she will need insurance on the child only. Are stand alone policies available for children?
All health insurers cover children, although most will state they have to be at least 30 days old first. Contact the mother’s state’s insurance commissioner’s office and ask for a list of insurers issuing individual policies there.
Another possibility is the state’s Children’s Health Insurance plan (this is not the same as Medical Assistance or Medicaid). All states have this federal program. Contact the Dept. of Social Services in the county where the mother resides.
Filed under Home Insurance by on May 20th, 2010. Comment.