Find Assurance With Renters Liability Insurance
Experts and anyone who has been on the wrong end of a damage to their rented residence, can tell you that renters liability insurance may not be mandatory but it is most definitely needed. According to an article recently published on InsuranceAgents.com, a quality renters insurance policy includes extensive liability coverage along with contents coverage and coverage for external living expenses.
Chances are, the landlord’s master policy has liability coverage as well but it is the renter who will need to prove that the landlord was responsible if an accident ever happens on their property. “Unless the renter is okay with filing the claim with their insurance company and risk getting their premiums raised, they will have to prove that their landlord was responsible for the accident,” states the article titled, ‘Renters Liability Insurance: For Tenant Or Landlord?’
Unfortunately, if the renter cannot prove that the accident occurred as a result of the landlord’s negligence then they will have to file a claim under their renters insurance policy (if they have one) and will be subject to higher premiums or a cancelled/non-renewed policy.
So how does a renter prove that the landlord should be responsible for the liability of an accident? According to the InsuranceAgents.com article, the renter must prove:
-The incident was foreseeable and could’ve been avoided
-The landlord was responsible for the accident
-Fixing the problem beforehand was doable
-The accident occurred from not fixing an easily fixable problem
-The landlord neglected to take reasonable steps in preventing the accident
-The landlord’s negligence caused the accident which, in turn, caused the injury
If the renter fails to prove these points then they will be forced to pay the damages of the accident. This can be financially devastating without a renters insurance policy. That is why a renters insurance policy (with plenty of liability coverage) is important for any renter should they find themselves in an unfortunate situation.
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