I am renting out an apartment to a tenant for the first time. Do I have an obligation to get insurance that covers the possessions of the tenant as well as insurance for the premises?
Not
unless you have agreed to obtain such insurance as a term of the
tenancy agreement. It is preferable for a tenancy agreement to indicate
who will be responsible for insuring the premises and the contents.
The tenancy agreement may specifically state that tenants will obtain
insurance for their own possessions. Any insurance that you have
as the landlord will not necessarily cover a tenant’s possessions,
or damage to others or to property, caused by the actions of the
tenant.
WARNING:
The contents of these FAQs are intended as general legal information
only.
If
you have a personal problem, please consult a lawyer.
November
2004
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