my landlord doesnt have house insurance, the boiler broke down and i asked the plumber questions about my landlord, he informs me that there is no house insurance. this concerns me as a tenent. is this illegal? i mean what if i burn th house down?
2007-02-20 05:09:47 · 0 answers · asked by happyglitterthatrocks 1 in Business & Finance ➔ Renting & Real Estate
If you burn the house down by accident (deliberatly is a different matter) and the Landlord has no building insurance then that is his problem as it is his building. Your belongings are a different matter, if you want them to be insured then you must pay for the insurance yourself. Your rent does not cover that.
2007-02-20 05:14:01 · answer #1 · answered by 'H' 6 · 2⤊ 1⤋
You don't say in what part of the world you live in, so what is legal and not is difficult to answer. You should certainly have your own contents insurance which will cover your personal effects. This you can usually get which will also cover you for travel and certain items when you are away from home. You may also want to have some form of liability insurance. It's always possible to drop a flower pot from a 5th floor window on to your neighbours car or head or something. As to house insurance, I would imagine that in most places that is the landlords responsibility. In the UK I would check at the Citizens Advice Bureau. In the States I guess there are agencies where you'll get the appropriate info.
2007-02-21 10:26:37 · answer #2 · answered by Peter the Great! 2 · 0⤊ 0⤋
What does the plumber know about your landlord's home owner's insurance? As many others have said, you only need to worry about having renter's insurance if you are concerned about your personal possessions in the event of a fire.
BUT without home owner's insurance who is going to pay if you or your guest is injured on the property due to the landlord's negligence? I have never asked a landlord if he had insurance but since you have opened the door I guess now would be a good time to ASK THE LANDLORD not the plumber.
2007-02-20 05:58:58 · answer #3 · answered by ebosgramma 5 · 0⤊ 1⤋
It is not illegal for him not to have insurance (it is not homeowners insurance unless he lives there too - as in a 2 family home) on his rental property. If lightning hits the house & causes damage (something that would normally be covered by his insurance), he is out of luck. You should have renters insurance for your contents and your liability. If you burn the house down, you could be legally liable for the damages (for example, you leave a pot on the stove with the burner on and it causes a fire). If you have a renters policy, the policy would pay up to your limit of liability - you should have a minimum of $500,000 liability on any home/renters policy. Liability is bodily injury or property damage you do to others - accidentally of course. Even if your landlord has insurance, you should always carry a renters policy - they are CHEAP and worth every penny if you ever need it.
By the way, how would the plumber know if your landlord does or does not have insurance? A boiler break down would not be covered anyway.
2007-02-20 05:27:31 · answer #4 · answered by Sue 6 · 1⤊ 1⤋
If he owns the house, he can choose whether he insures or not. The boiler problem would be classed as fair wear and tear and not covered under a policy, unless it is gas and there is a contract with the gas board.
If you intentionally burn the house down you will probably go to jail.
There is an interesting point. I reckon that as you have a contract with the landlord i.e. you pay money and he gives you accomodation in return, I think that were the house to burn down, he would probably be under a legal obligation to rehouse you in similar accomodation at a similar price.
2007-02-20 05:22:27 · answer #5 · answered by Anonymous · 0⤊ 1⤋
As a landlord you have to have buildings insurance - I am suprised your mortgage company didnt tell you when you set up your business mortgage - It is not illegal, to not have contents insurance - the responsibility is on the person/s renting the property, but if you are letting fully furnished it would make sense to have contents insurance, so any damages can be replaced!
2007-02-20 05:19:03 · answer #6 · answered by riannwalton 1 · 0⤊ 2⤋
I suggest one to visit this website where you can compare rates from the best companies: http://PROTECTIONQUOTES.NET/index.html?src=3YALVYgxa65WXc
RE :Is it illegal as a landlord not to have house insurance?
my landlord doesnt have house insurance, the boiler broke down and i asked the plumber questions about my landlord, he informs me that there is no house insurance. this concerns me as a tenent. is this illegal? i mean what if i burn th house down?
1 following 11 answers
2016-12-01 10:16:10 · answer #7 · answered by ? 6 · 0⤊ 0⤋
No your landlord doe,s not have to have house insurance ,but it is your own responsibility to insure your own furniture .
2007-02-20 06:09:01 · answer #8 · answered by Mick 4 · 0⤊ 0⤋
NO it is not illegal. If the property is fully paid for the owner my be 'self insured'
If there is a mortgage the lender will require it.
To have renters insurance which covers your property. . .NO, that is up to you to get it. Some Landlord packages does have coverage for renters.
2007-02-20 05:29:07 · answer #9 · answered by Anonymous · 1⤊ 1⤋
If he has a mortgage on the property, he is required by the bank to carry hazard insurance. If the property is free and clear, it is his choice to carry it or not. If the property burns down, he's out of luck. You should at the very least be carrying renters insurance, regardless of whether the landlord has hazard insurance on the property. His hazard insurance will not cover your personal items.
2007-02-20 05:14:47 · answer #10 · answered by Gary N 2 · 2⤊ 1⤋