Can landlord’s insurance benefits tenants?

If you’re planning to rent a property soon, then you definitely need to know the landlord that you can trust. This way, you can have a nice property for your needs without worrying about any shady deals. Aside from that, don’t forget to treat the property with care, it’s because the property obviously still belongs to the landlord. If you think that the landlord insurance for housing benefit tenants, you are absolutely right. However, you also have to know the right condition that will let the landlord’s insurance to benefit the tenant as well.

You can’t expect the insurance to cover the damage that you’ve caused on your own. Remember that the one who has to pay for the insurance is the landlord himself. So the company will prioritize its client first, and it’s normal in any business. Don’t hope too much to be covered by the landlord’s insurance, except if the landlord himself is the one who causes the damage to his own property when you’re still renting it. Yes, it’s true. By the time you’re still renting the property, having some damage to be repaired for free is beneficial for you just because of the fact that you’re still there. However, if the damage has been done by your own hands, you will be the one who has to pay for the repair.

Remember that the insurance company is originally only benefiting the client. So you need to make sure that you’re not going to do any damage to the rented property if you wish to avoid any problem. However, if the property that you’re currently renting right now is being damaged by incidents like fire, earthquake, explosion, thefts, terrorism, or other damages that will be covered by the insurance company, you will also feel the benefit as the tenant as well. Don’t forget that each insurance company covers different things, so make sure you consult with the landlord first so you will be able to know the types of damage that you must avoid at all cost, especially the ones that won’t be covered by the landlord’s insurance.