Renters insurance query?

by Guest » Thu May 23, 2013 11:35 am
Guest

We live in a rented house along with my wife and three kids. Recently, we had a pipe break. What will the insurance company do with it? Or, is it me who should throw it away?

Total Comments: 4

Posted: Thu May 23, 2013 12:41 pm Post Subject:

If you are renting then it's not your pipe. The owner should address the damages. You leave everything like it is and call the owner.

Posted: Fri May 31, 2013 07:09 am Post Subject:

Home insurance, also commonly called hazard insurance or homeowner's insurance (often abbreviated in the real estate industry as HOI), is the type of property insurance that covers private homes such as a single-family detached home. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of its use, or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory. It requires that at least one of the named insureds occupies the home.

In this category Rental insurance is also covered. Renters' insurance is an insurance policy which provides most of the benefits of homeowners' insurance. Renters' insurance does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure. This provides liability insurance. Renters insurance offers coverage for fire-damaged, stolen and lost property items. Insurance companies ask you to figure out if your kitchen, bedroom and dining room have inexpensive property items under $1500, moderately expensive property items between $1,501 and $5,000 or luxury property items over $5,001. This information is placed in your file and used as a barometer later on how much to pay for any claims. Therefore, with renters insurance you can rest easy in your rental knowing that if something happens to your computer, you'll be covered and able to get a replacement.
So i hereby suggest you to please know about the things clearly and opt for the best one.

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Posted: Fri May 31, 2013 07:35 am Post Subject:

I completely agree with tcope. It's something beyond your jurisdiction if you were not responsible for the damage. Tell the owner of the place.

Posted: Mon Jun 03, 2013 08:39 pm Post Subject:

It's something beyond your jurisdiction

Written by an unlicensed person who has no clue about what he writes.

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