Comments on: Do landlords usually have homeowner insurance? http://homeownersinsurancequestions.org/homeowners-insurance/do-landlords-usually-have-homeowner-insurance Answers to all of your questions about homeowners insurance. Tue, 07 Feb 2012 04:19:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Patrick http://homeownersinsurancequestions.org/homeowners-insurance/do-landlords-usually-have-homeowner-insurance/comment-page-1#comment-1041 Patrick Mon, 25 May 2009 16:54:10 +0000 http://homeownersinsurancequestions.org/homeowners-insurance/do-landlords-usually-have-homeowner-insurance#comment-1041 For single family dwellings landlords keep what is called a "Landlord Policy" on the property. This covers the dwelling, slip and fall cases, etc. No coverage is kept for personal property at all as this is the Tenant's responsibility. For condos, there is even less coverage as the slip and fall is covered under the HOA's policy for the common areas. These policies cover only things inside the walls of the individual unit. If there is a mortgage on the property, yes, the mortgage older requires that a policy be kept on the dwelling. The mortgage holders do not care about the personal property inside a unit. For single family dwellings landlords keep what is called a “Landlord Policy” on the property. This covers the dwelling, slip and fall cases, etc. No coverage is kept for personal property at all as this is the Tenant’s responsibility.

For condos, there is even less coverage as the slip and fall is covered under the HOA’s policy for the common areas. These policies cover only things inside the walls of the individual unit.

If there is a mortgage on the property, yes, the mortgage older requires that a policy be kept on the dwelling. The mortgage holders do not care about the personal property inside a unit.

]]> By: angela http://homeownersinsurancequestions.org/homeowners-insurance/do-landlords-usually-have-homeowner-insurance/comment-page-1#comment-1040 angela Sat, 23 May 2009 12:46:18 +0000 http://homeownersinsurancequestions.org/homeowners-insurance/do-landlords-usually-have-homeowner-insurance#comment-1040 Landlords carry insurance on the dwelling but it's not homeowner's insurance. It's specifically for property that is rented out. It does not cover any of the tenant's belongings so a tenant needs to get renter's insurance to cover their stuff. Landlords carry insurance on the dwelling but it’s not homeowner’s insurance. It’s specifically for property that is rented out. It does not cover any of the tenant’s belongings so a tenant needs to get renter’s insurance to cover their stuff.

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