You are responsible for any damage you cause to the rental unit or building.Landlords only cover the structure of your rental.( Chattel is a legal term to describe non-real estate personal property.) Key Takeaways You may want your landlord to pay for your damaged personal belongings,Īs mentioned earlier, unless the landlord acts as a direct assailant to your possessions, the landlord will never be responsible for replacing your possessions or chattel. Say there’s water leaking on the ceiling from above.Īlmost all your property is soaked, such as big-ticket items like your smart TV, couch, and clothing. The insurance covers a house you are leasing, a studio apartment, a condo, a townhouse, a single-family home, and other attached dwellings. Renters insurance covers more than rental units. If there is damage to the building, the landlord is responsible and would likely be covered through a landlord insurance plan. Renters insurance does not cover the structure, or dwelling, where the tenant lives. Purchasing renters insurance seems straightforward, but when you factor in your landlord, it can get confusing.ĭoes the landlord cover your personal effects after a theft or a covered peril? What is the Difference Between a Landlord & Renters Insurance? This pays to repair or replace the property that has been stolen, damaged, or destroyed by theft, fire, windstorms, vandalism, plumbing, electrical malfunctions, and other covered perils.Īlso included are hail, explosions, riots, damage caused by aircraft or vehicles, and volcanoes. This policy pays for medical care if there is bodily injury to a person that occurs in your rental unit, regardless of fault. This policy covers basic living expenses and temporary housing costs if you can’t live in your rental unit due to damage and destruction from fire, smoke, or heavy winds. Since lawsuits can cost a lot of money, liability coverage is worth every cent. If that person sues you, liability will also cover you. Liability also covers your legal defense.įor example, if someone visits your rental and gets bitten by your dog, your liability coverage will pay for the injuries. Liability protects you against lawsuits from someone who has bodily injuries or property damages that you or your family caused to them. Read more: What Does Renters Insurance Cover? Liability Coverage The standard renters insurance policy covers liability, theft, medical treatment, and loss of use. Unless your landlord directly set fire to your possessions or intentionally flooded your things, holding your landlord liable in a court of law would be difficult. The landlord is not responsible for any damages to your possessions should fire damage them, a bathtub overflow from your neighbor, a water leak through the walls, or flooding during a storm. If you have insurance, it should cover your ceiling and will replace the cost of your possessions after the water damages them. In fact, your landlord can hold you liable for the damages if you don’t pay to replace the ceiling and any related damages, such as drywall. Who is responsible when a water leak from a plumbing issue in your rental damages your neighbor’s ceiling? If the neighbor has renters insurance, that policy will cover the cost of the ceiling. In this case, it’s the neighbor who is responsible. Surprisingly, your landlord is not responsible for the ceiling, even though it’s part of a structure that resembles something your landlord would cover.Īnd you are also not responsible for the damage. So, if your upstairs neighbor leaves on the water to have a bath but then forgets to check the bathtub and water overflows and causes water damage to your ceiling, exactly who is responsible? The landlord has to hire contractors immediately to repair the building and clean the smoke damage. If your neighbor lights some candles and leaves them unattended, and if the candles end up causing a fire that destroys most or all of your rental unit building, who is responsible for coverage? So, let's look at some common incidents in apartment housing where you can learn what the landlord may or may not be responsible for. What Is and Is Not Covered by the Landlord?įirst, who pays for what can be confusing because the answer may differ in several scenarios.
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