Do landlords usually have homeowner insurance?

Shaun Rapkowicz: Is it his home? NO, so no he doesn't have homeowners insurance. He will have liability insurance and insurance to cover the property in case of fire, etc.The tenant's possessions are NOT covered by any insurance the landlord carries, that is the responsibility of the TENANT.

Donald Caravalho: The Landlord will carry a Rental Dwelling Property(RDP) Policy on the building. Different companies may call it slightly different things, but this is the title for State farm's policy of this type.It covers the structure itself.It will not cover Tenants Personal Property, that's what a renter's policy if for. Also, Renters insurance will carry come Liability coverage for the tenant.There will be some liability on the RDP, but most provision exclude liability on a tenant at that property (if the tenant falls and injures themselves, they typically cant sue the landlord unless it's a major maintenance issue).Call your insurance agent, they'll be able to provi! de you with a lot of information on this....Show more

Talisha Digrande: Compare quotes from the best companies at http://help.insurancetocompare.info/-urditDV244RE Do landlords usually have homeowner insurance? Do landlord usually have homeowner insurance? Also is it true that most homeowner insurance have liability coverage? And if they took out a mortgage does the mortgage company require them to have some kind of homeowner insurance?...Show more

Coleen Carignan: We have insurance, but it does not cover the same things as home owners insurance. We insure our property only, the personal property inside of ours is not covered. You need renters insurance to cover your belongings.For instance, if there was a fire and the fire and the water destroyed everything (pretty much does) then we have our structure covered, but all your furnature etc is simply gone. Our insurance does not cover you at all....Show more

Bob Nakamoto: Homeowner's or renter's insura! nce is not the landlord's responsibility. He may have insuranc! e on damage to the building, but you should insure your belongings.

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Betsey Muehlbach: If they have a mortgage, the! y have to have insurance. If they have brains, they should have insurance, to cover them in case of fire, etc..

Buster Exline: Yes but not to cover your stuff if you rent the property.

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Raye Tredennick: I am not an attorney, an accountant or a financial advisor.Landlords do not have homeowners insurance. They have a firs insurance policy. Its up to the tenant to insure his/her/their own personal possessions at the tranants own cost and expense.In MOST leases there a clause about holding the landlord “harmless”. In most circumstances that clause releases the landlord from any liability. The burden is put on the tenant. Thi! s is why its important for the tenant to get “tenants insurance” or! “renters insurance” In addition, if the property is in a flood zone, the tenant may have to buy flood insurance.Thank you for asking your question. I enjoyed taking the time to answer your question. You did a great job - not only for your information, but for every other person interested in reading my answer.It is true many homeowners’ insurance policies have liability coverage. BUT it all depends on that insurance company, its insurance policies and what policy the landlord bought.Although its true the great majority of mortgage companies require a homeowner’s insurance policy, once the property is paid, the landlord is not obligated to maintain any insurance policy. Thank you for asking your question. I enjoyed taking the time to answer your question. You did a great job - not only for your information, but for every other person interested in reading my answer. I wish you well!VTY,Ron B....Show more

Melissa Lavallie: Get insurance quotes

George Din! geldein: 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....Show more