However, a landlord policy is written to specifically protect
against risks landlords are prone to face, such as increased injury liability and the loss of rental income.
However, a landlord policy is written to specifically protect
against risks landlords are prone to face, such as increased injury liability and the loss of rental income.
Not exact matches
The plan calls for independent oversight of the city's Housing Preservation Department; establishing a public education campaign to inform tenants about HPD's role; empowering a new body or building inspectors to collect fines
against landlords; having HPD make repairs not completed by the
landlord in the specified amount of time and then billing the
landlord; making inspectors carry citations in multiple languages and send out reports in multiple languages; forcing
landlords to make repairs within 24 hours of emergency violations; establishing an East Harlem HPD oversight team as a pilot for other areas with at -
risk low - income housing; providing inspections 24 - hours - a-day, 7 - days - a-week; and improving HPD's follow - up on violations.
Landlord insurance also protects the owner of the rented dwelling
against liability
risk.
There are many associated
risks against which a
landlord need to be protected.
You don't need to protect the
landlord, you need to protect yourself
against the
risk that life will happen.
A loss to even one of those devices is a substantial hit to a tenant's income, and
landlords want to know that you're protected
against that financial
risk.
It provides coverage
against property damage to your structures and grounds, and it provides extra liability coverage to protect you from the extra
risks you face as a
landlord.
The
landlord wouldn't suffer a financial loss if your property were damaged, so the
landlord can't insure
against that
risk.
A homeowners policy would likely deny claims while the premises are vacant or rented, whereas a
landlord policy is designed to protect
against the very real
risks you face.
You don't need to protect the
landlord, you need to protect yourself
against the
risk that life will happen.
The concern is understandable — you want to protect yourself
against the
risks that life brings, you're not all that interested in protecting the
landlord.
Landlord insurance is a set of insurance policies designed to protect
landlords against a myriad of
risks.
Lawyers who win big judgments
against landlords (the kind that put your net worth at
risk) are going to go after the low hanging fruit.