How much does "extra" liability insurance cost? - landlord insurance cost
Our lease states that we bear the responsibility package (300k and 300k personal physical at our expense. This is in addition to insurance of the owner and an insurance policy for our tenants. The agent said it was standard, but it is the first time that I have seen.
1. Why is this necessary?
2. How?
Landlord Insurance Cost How Much Does "extra" Liability Insurance Cost?
1 comments:
There is no such thing as "extra" liabililty. EXCESS responsibility comes to $ 1,000,000 bits - so you can not buy $ 300K of liability in excess.
Your insurance covers the owner. Its optional renters insurance you mean. Presumably, your tenants insurance is the responsibility of "package" they say, provided you rent the place where you live, and pursue a policy of tenants HO4.
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