The requirement to maintain Alexandria Renters Insurance is so that a negligent tenant who
damages a building accidentally isn't stuck paying back the building's insurance carrier for the loss!
The requirement to maintain Alexandria Renters Insurance is so that a negligent tenant who
damages a building accidentally isn't stuck paying back the building's insurance carrier for the loss!
Not exact matches
It also makes sure that if you
accidentally cause
damage to this historic
building that you're able to make it right through your liability coverage.
At it's core, it means that if you
accidentally start a fire in your apartment, you're responsible for the
damage to the
building as well as
damage and injuries to other tenants.
It could cover bumping into someone on the street and injuring them, or
accidentally starting a fire with your Christmas tree that impacts the
building as well as other residents, or any number of other odd scenarios you'd never expect would result in
damages to the other party.
If you were to
accidentally start a fire that
damaged the
building, you'd be responsible for those significant costs.
Renters insurance coverage shields you from having to pay out for any
damages you
accidentally cause to your apartment, the common
building where you reside, or any other resident's property.
It shields you from financial responsibility for
damage you
accidentally cause to your apartment, the common
building where you reside, or other residents» property.
What would happen if you
accidentally started a fire and were responsible for the
damage to the
building?
If you live in an apartment, loft or condo complex, one of your neighbor's could
accidentally leave a burner on, causing fire and smoke
damage throughout the
building.