2006-12-23 00:23:51 · 7 answers · asked by yan s 1 in Business & Finance ➔ Insurance
Basic tenant's coverage is usually around $125 per year. Be sure to get Replacement Cost coverage, otherwise your damaged/stolen property is paid at a depreciated value based upon age.
Water leaks are not covered, but if a pipe burst, or anything else that is "sudden and accidental" it usually will be. Some companies give a small multi policy discount if you have your home/tenants and auto insurance with the same carrier.
2006-12-23 10:08:41 · answer #1 · answered by SantaBud 6 · 0⤊ 0⤋
I paid homeowners insurance for 20 years and never had a claim. Lived in an apartment while building a new house. Bought renters insurance for $125 a year. Had a breakin and collected a $1,750 loss.
2006-12-23 11:38:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, you should get one. I own a house and insist taht my tenants will purchase one, in case of theft, fire or water leak you will be covered. The owner is not responsible for your personal property. If you have a pet and he attack a child you will be protected too, parents to small kids if the have a medical bill will go after you.
2006-12-23 13:07:09 · answer #3 · answered by Isabella789 4 · 0⤊ 0⤋
Tenant insurance is so cheap you should always get it. You never know how lax your neighbors are. It is cheaper than you having to pay to replace your possessions yourself.
2006-12-23 09:09:46 · answer #4 · answered by Chillin-it 7 · 0⤊ 0⤋
Yes.
2006-12-24 23:37:47 · answer #5 · answered by Anonymous 7 · 0⤊ 1⤋
Definitely get it.It's fairly inexpensive.
2006-12-23 08:25:27 · answer #6 · answered by redwidow 5 · 0⤊ 0⤋
Probably.
2006-12-23 08:26:00 · answer #7 · answered by Phish 5 · 0⤊ 1⤋