Damages of all kinds; big or small, can happen anywhere, anywhere. If these are not noticed and fixed in time, they can become bigger problems and require more money to spend on them and threaten your safety. However, the question is not whether the damage will be repaired; who will repair the damage? The question becomes more difficult to answer when the parties concerned share a landlord's relationship and a principle. A tenant is responsible for the damage caused to the objects that are within their rental property. The landlord is obliged to pay for the damage that occurs in covered danger.
At Paradiso Insurance, we often come across people who rent homes or apartments and landlords who have many misconceptions about liability for damages. We have come up with a guide to help you figure this out and in turn secure your property and thus your livelihood.
Principles and their liability
There is no general categorization of the allocation of responsibilities. In general, however, they include all damage that the tenants have done to the property. For example, the damage you cause to floors, ceilings and walls, drains that were clogged because you misused them, flea extinction, the oven if it broke down due to poor maintenance or abuse by the tenant, the water damage you caused. Home appliances broke down due to your addiction.
What is tenant insurance?
All damage caused by the tenant to the property is covered by the tenant's insurance. This insurance is specially designed to help repair or replace your belongings if they are stolen or damaged in a covered event. In addition, when you are forced to leave your rental property, your tenants insurance helps pay for your temporary expense.
We recommend that rent insurance is considered an important step when renting out a living space because it can protect you and your livelihood should something go wrong.
Landlords and their responsibilities
In a broad context, the landlord is responsible for any damage caused to the living space. Landlords are responsible for ensuring that the space they rent out is safe for the principles and is habitable. Make sure that all cables meet the requirements of building codes, that window and door locks work and that there are no pest infestations or other problems that could threaten health and safety.
] A landlord is responsible for the basic living needs of the rental space and that they are level; broken tiles, damaged walls and stains or damage from pets are the landlord's responsibility.
The landlord's insurance
Our advice to our valued customers has always been to do a background check on the principles to avoid future complications. The insurance helps to pay for damages caused by the landlord.
Now it is also about what type of damage was caused and what the damage was. As explained earlier, landlords must cover broader damages such as safety and basic comfort while the principle is responsible for their damage. At Paradiso Insurance, our rental insurance has a number of affordable options to choose from and will secure your future.