However, just because the building owner carries all the
necessary insurance on the building doesn't mean it will cover any of your equipment, furniture or other business property.
We already know about the insurance basics, like the values for the amount
of insurance on your building or personal property, the mistake most people make is stopping there.
There was a case recently where both the tenant's insurance and the landlord's
insurance on the building denied coverage for the costs of cleaning up a methamphetamine operation in a rental home, using similar logic in both policies.
If you own a condominium, your condo association may pay
for insurance on the building, but you will need to purchase condominium insurance to protect your personal property and any improvements that you make to your unit.
The landlord of your Downtown San Jose building will likely have his or her own form of Downtown San Jose
renters insurance on the building, so your building should be fine in getting fixed.
There was a case recently where both the tenant's insurance and the landlord's
insurance on the building denied coverage for the costs of cleaning up a methamphetamine operation in a rental home, using similar logic in both policies.
The landlord has
insurance on the building.
And yes, your landlord has or should have
insurance on the building.
Maintenance fee includes all utilities, maintenance of the grounds and
insurance on the buildings.
Because you own the condo you are required to have
insurance on the building.
And yes, your landlord has or should have
insurance on the building.
While your landlord may have
insurance on the building you're renting, that coverage typically doesn't extend to you or your things.
If you live in an apartment, your landlord will have
insurance on the building, but you need to carry insurance for your possessions (often called «contents insurance» or «renters insurance»).
Even though your landlord has
insurance on the building, it most likely doesn't cover your personal belongings.
«The landlord may have
insurance on his building, but that won't cover replacement of a renter's possessions.»
Centuries ago, fire
insurance on a building that you owned or had an insurable interest on was about the only product available.
The landlord has
insurance on the building.
But you still need to maintain your own
insurance on the building and coverage for your own liability.