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 Posted: Wed Sep 15, 2010 10:34 am Post subject: Apartment rental insurance |
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We are considering a rental apartment for our stay in Alamosa east. Do we need insurance?
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Closerbear
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| Posted: Thu Sep 16, 2010 4:32 pm Post subject: |
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If you already have a homeowner's policy, you should be pretty well covered. Who ever is renting you the apartment probably has coverage as well. Should be very little to worry about unless we're talking about more than a brief vacation rental.
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MaxHerr
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| Posted: Thu Sep 16, 2010 5:13 pm Post subject: |
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| If you don't have a HO policy I'd _highly_ recommend that you obtain a Renters Policy. Most so for the liability coverage then anything else. |
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tcope
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| Posted: Thu Sep 16, 2010 5:15 pm Post subject: |
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You WILL need coverage for your contents at this rental place.
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Dasfuk
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| Posted: Fri Sep 17, 2010 3:30 pm Post subject: |
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Again, there is nothing in the OP to indicate if this is a short-term vacation rental (1-2 weeks) or a long-term occupancy.
If it's a vacation rental, then there is nothing to worry about, essentially, if one has other personal coverage, such as a homeowner's, dwelling, or other renter's policy and/or applicable umbrella liability coverage of some sort. One's personal property is either covered or not when away from the insured's covered premises, according to the terms and limits of their policy and/or any riders (such as unscheduled personal property) or incorporated floaters (such as a personal articles floater).
If this is a long-term occupancy or lease, then an HO-4 renter's policy is in order.
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MaxHerr
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| Posted: Mon Sep 27, 2010 2:25 pm Post subject: |
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| Renters insurance is a must and protects everything. |
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insurancebydave
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| Posted: Mon Sep 27, 2010 4:49 pm Post subject: |
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| Quote: | | Renters insurance . . . protects everything. |
insurancebydave must not have any experience as an insurance agent or broker. There is no insurance that protects everything. And most certainly not a renter's policy.
All policies have limitations as to both quantity and quality of coverage, and exclusions -- things that are never covered.
It is never safe to say, or believe, that everything is covered.
"'Taint so McGee", as Molly used to say on the radio.
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MaxHerr
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| Posted: Tue Sep 28, 2010 3:58 am Post subject: |
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State Farm® renters insurance is for anyone who rents a home, be it a house or an apartment.
Renters insurance can protect your personal property against fire, theft and vandalism.
Renters insurance doesn't just help provide coverage for everyday necessities like furniture and clothes. It also helps protect theft-prone valuables like your laptop and bike - wherever you take them.
(Links deleted by Moderator: InsTeacher per Terms of Use... again) |
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mazaa
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| Posted: Fri Oct 08, 2010 8:22 pm Post subject: yes |
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If you want to protect your belongings and you liability interests you should have renters insurance. Also your complex may make you get it.
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bree1979
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| Posted: Sat Oct 09, 2010 6:33 am Post subject: |
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| Quote: | | It also helps protect theft-prone valuables like your laptop and bike - wherever you take them. |
Don't be so quick to make such a statement. First, insurance does not "protect" the valuables themselves, it protects the insured from the financial loss associated with a loss to any of those things. The items you mention are also associated with limited coverages.
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MaxHerr
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| Posted: Mon Oct 18, 2010 5:51 pm Post subject: |
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Hey Max, I know exactly what I am talking about. Of course there are limitations on persoanl property like electronics up tp $5000 and jewelry up to $500 unless floater added with appraisal.
Sounds like you need some students to teach! |
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insurancebydave
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| Posted: Mon Oct 18, 2010 9:32 pm Post subject: |
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| Quote: | | I know exactly what I am talking about. |
Maybe so, but how could you even begin to make a misleading statement such as a renter's policy "protects everything." Aside from the fact that an HO4 is a "named perils" policy, not an all risk policy, common items of personal property are routinely excluded, such as Animals, birds, and fish,, motorized vehicles, automobiles, motorcycles, motor scooters, go-carts, golf carts, and snowmobiles (however, wheelchairs, riding mowers, and riding snow blowers are covered),, aircraft and parts (however, model aircraft are covered),, Property of roomers or tenants unrelated to the insured,,
Business records kept at the insured’s property.
So, indeed, coverage for "everything" is just too broad a statement.
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MaxHerr
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| Posted: Thu Oct 21, 2010 7:04 am Post subject: |
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| Quote: | | Maybe so, but how could you even begin to make a misleading statement such as a renter's policy "protects everything." |
This is why when people have a loss for their home or auto and find out that something is not covered....they always state "I HAVE FULL COVERAGE..why is this not covered.
-cause you have an agent out there telling people they have the best coverage or a Gold Policy or full coverage.
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Dasfuk
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| Posted: Thu Oct 21, 2010 8:05 am Post subject: |
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| Renter's insurance is very inexpensive and it is a must have item. It isn't worth the risk to go without it. |
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MrFrogDog
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| Posted: Thu Oct 21, 2010 8:27 pm Post subject: |
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| Quote: | | cause you have an agent out there telling people they have the best coverage or a Gold Policy or full coverage. |
Thank you! "Enuff" said.
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MaxHerr
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