If you plan to rent or rent an apartment that you own, you may have ever wondered if it is mandatory to take out insurance for the house for rent; and, if so, who should do it, the landlord or the tenant. The answer is not simple but what is clear is that, by renting or renting, you are not obliged to take out home insurance. What is no longer so clear is that it is a good idea not to. We tell you why and we also explain who should sign it, whether landlord or tenant.
The landlord is the one interested in protecting the continent, that is, the floor. The content, what is inside the apartment, should be concerned both landlord and tenant
Whose liability is in a rented home?
If we take into account the other great coverage of home insurance, which is third party liability, it is obvious that the landlord would do well to look for damages that the house may cause, as in the case of the famous leak that ends leaking to the neighbor below. Since the house is yours, the responsibility to repair the damage to the neighbor will be yours. However, watch out for the tenant, because he can also commit acts that cause damage to third parties, and will not necessarily be included in the policy that the landlord contracts. For example, a tenant's negligence could cause a fire, for which he would logically be responsible. If you are a tenant and you like to be calm thinking that any damage you cause will not weigh you down, then you should think about hiring specific insurance that covers civil liability.
Home insurance includes specific coverage for rent such as non-payment of monthly payments or vandalism caused by tenants
Landlord and tenant must insure in rental housing
One of the main coverage of home insurance is the integrity of it. The insurer undertakes to compensate if something happens that generates a cost. Taking this into account and given that the person responsible and interested in keeping the home in good condition is the landlord, it is he who should take out home insurance to protect the building itself, that is, what is usually called the continent or property. In the case of content, what is inside the house, things are not so clear.
n the first place, among the contents of the house there may be many things that belong to the landlord: the kitchen, for example. But it is also logical to think that the tenant has things (for example, a television or a computer). It is advisable, therefore, that everyone looks for their own and has their own home insurance. We are talking about insurance that protects damage to that content but also, of course, theft.
Specific coverage for rent in home insurance
Finally, do not forget the coverage's offered by many home insurance that is specific to the rental. The landlord, for example, can ensure the payment of the monthly payments, in order to avoid surprises. Likewise, you can also ensure vandalism damage to the house, especially its contents; In this way, you protect yourself against the eventuality of having a tenant who is not very careful with the house and cover the costs of repairing it and putting it in order when you have left.
In fact, if we think about cases of conflict between the landlord and the tenant, it will not hurt both of them to have acquired good legal defense coverage.
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