What insurance do I need?
It is up to a landlord/owner to insure their rental property against any damage, either through accident or otherwise. That insurance will usually be for the benefit of the landlord only. A tenant should arrange insurance to protect their contents and liability for damage to the landlord/owner's property.
Advice for Owners:
Advice for Tenants:
You need insurance. Your landlord’s insurance policy does not protect your belongings.
Under the ULTA, tenants are liable for any damage they, or their invited guests, cause intentionally or carelessly. Even if you are not named on the tenancy agreement, you should have a:
If an insurance company pays out a landlord for damage and believes that a tenant is liable for that damage, the insurance company may seek compensation from the tenant. Personal liability insurance may protect you in this situation.
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River City Property Management317 Sylvan StreetChattanooga, Tennessee 37405