I work for Allstate, but I have to make a decision. Should a take lower rates than what I'm paying now for my Renter's Ins. Or should I keep the rates I have and file a claim cause someone kicked in my door and broke my window. I know I should know this cause I've been working here since 97, but I can't decide. Plus my agent is telling me that the door and window aren't covered on a liability only policy on Renter's. So, if that's the case, I should take the lower rate. But if I can get the claims people to fix my door, and I won't have to pay outta pocket, then maybe I should? I wouldn't be able to file a claim on the new policy with lower rates cause the incident happened last week.
2006-09-25 08:26:23 · 10 answers · asked by theskyisthelimit02 3 in Business & Finance ➔ Insurance
Renter's policies (other than liability) cover only your belongings.
The door technically belongs to the landlord and they are responsible for its repair, not you.
So, this is a non issue.
The landlord fixes the door and you are fine.
2006-09-25 10:42:57 · answer #1 · answered by markmywordz 5 · 1⤊ 0⤋
First of all, I've never heard of a 'liability only renters policy'. Renters covers the contents you own. You shouldn't be responsible for the cost to fix the door and window - the landlord should. This is not part of your contents, it is part of the dwelling which the landlord should insure. Contact your landlord, then take the lower rates if there is a substantial difference. There is something to be said for having a policy for a number of years.
2006-09-25 17:14:00 · answer #2 · answered by mei-lin 5 · 1⤊ 0⤋
Well, the door & window aren't covered under a renters policy, so it's pointless to file the claim. Everyone who looks at your claims file will see that you filed a claim, even though nothing was paid out.
Renters insurance is usually pretty darned cheap - are you looking at $10 a year difference, or what? I wouldn't move it unless it's at least $30 cheaper, AND they have equal or better coverage - not just policy limit, but endorsements.
2006-09-25 15:40:57 · answer #3 · answered by Anonymous 7 · 0⤊ 0⤋
THE LAST WORD...........................................................................
As some others have stated, a Renter's policy does not cover the structure (house,apt., condo, etc.) The door is part of the structure. As with all insurance, you must have an insurable interest in the property to be insured. Since you don't own the building, you cannot insure it.
Renter's policies cover your personal property, usually anywhere in the world, including in your car. This includes furniture clothing, appliances (if you own them), tools, etc. Renter's policies also cover liability claims, i.e. someone gets hurt tripping over a rug in your apartment.
2006-09-25 17:46:42 · answer #4 · answered by jmfr5180 2 · 1⤊ 0⤋
A renters policy usually only protects your belongings. The apartment owner is liable for repairs to the building and grounds. If you filed a police report, I see no reason why the owner of the property can hold you responsible.
2006-09-25 15:31:24 · answer #5 · answered by bigbore454 3 · 1⤊ 0⤋
One thing to keep in mind, If you ever file a renter's insurance claim, then your home owner's policy, when and if you buy a house is a lot more expensive. If you think you will be buying a house, it might be better to fix the damages yourself or try to get your apartment manager to fix them.
2006-09-25 15:38:10 · answer #6 · answered by kelloggs322 4 · 0⤊ 1⤋
Your renters insurance covers everything and everyone in the apartment if they are claiming that it isn't they are wrong. My renters insurance covered my wifes car when they stole everything out of it and it wasn't my car insurance. If they don't cover it for some reason and it's in writing and you signed it i would change insurance. As for changing service and i don't know if your implying on filling later with the new insurance that wont work because they will find out exspecially if you filled a police report.
2006-09-25 15:31:01 · answer #7 · answered by ajmarti82 2 · 0⤊ 2⤋
Did the damage occur from inside or outside your apartment? Was this the exterior door or an interior door? What is your lease arrangement, maybe the property owner is responsible. Have you checked?
2006-09-25 15:33:17 · answer #8 · answered by sselfcoug 2 · 0⤊ 1⤋
your landlord is required to pay for both repairs, your renter's insurance is for loss or damage to your property, tv, furniture or other items you lost due to a break in....you do not own the window or the door, it is the landlord's problem..................
2006-09-25 18:33:02 · answer #9 · answered by churchonthewayseniors 6 · 1⤊ 0⤋
yes sure
2006-09-29 05:38:43 · answer #10 · answered by Anonymous · 0⤊ 0⤋