![]() ![]() The landlord's insurer may successfully sue the tenant for the full extent of the damage if the tenant is found to be negligent. In circumstances where a tenant’s negligence causes damage to the landlord’s property, the tenant may be required to cover the deductible. The landlord may also have a substantial deductible on the policy. The landlord’s insurance covers damage to the landlord’s property and protects the landlord against claims of negligence. Your landlord has insurance for structural damage to the building and might even be protected against damage caused by tenants. Occurrences such as those listed above can be expensive for an uninsured tenant. What if a plastic container fell on a lighted stove, causing $800 in damages for smoke related issues?.Not only is there damage to the tenants' property, but they have to go to a motel while their apartments are being repaired. Perhaps a rainstorm causes the county storm sewer system to back up, flooding basement apartments.While the negligent tenant may be sued, it is easier for an insurance company to handle the situation. The upstairs tenant could cause a water overflow, which seriously damages furniture and clothing.There are a host of things which could happen to cause great personal expense to an uninsured tenant. What if I cannot get renter's insurance?.How do I know the insurance company is legitimate?.What information do I need to purchase renters’ insurance?.Unfortunately, many tenants do not realize this until it is too late. If the duty of care is designated to the tenant, the landlord’s insurance policy may not cover an injury for a tenant or guest who slips and falls on the property. If, however, a landlord rents an entire single family home to a tenant, the lease agreement may contain specific language designating the tenant’s responsibility for upkeep of the steps and sidewalk. ![]() If a tenant slips and falls on the ice and injures themselves due to the landlord’s failure to properly treat the sidewalk, the tenant may recover under the landlord’s insurance policy. The insurance policies held by landlords typically cover only damage to the structure of the building, or when someone suffers an injury or damage due to a condition on the property for which the landlord bears responsibility.įor example, the landlord may have a duty to remove snow and ice from an apartment building’s steps and surrounding sidewalk area. Hollard is a signatory to the General Insurance Code of Practice, for more information on the code visit tenants mistakenly believe that their belongings will be covered under an insurance policy held by their landlord. You should also read the Premium, Excess and Discount Guide (PEDG), Key Facts Sheets (KFS), and Financial Services Guide (FSG) by clicking on the links, or by callfor a paper copy. A Product Disclosure Statement (PDS) is available at all Commonwealth Bank branches, by downloading them from or by calland should be considered before making any decisions about this product. You should, before acting on this, consider the appropriateness of the product to your circumstances. This information has been prepared without considering your objectives, financial situation or needs. If you purchase a Home Insurance policy, CBA is paid a commission which is a percentage of your premium.įor products issued by Hollard, information about the target market can be found within the product’s Target Market Determination available here. CBA and its related entities do not sell, issue or guarantee the obligations or performance of Hollard or the products Hollard offers and this insurance product does not represent a deposit with or liability of either CBA or any of its related bodies corporate. Home Insurance is provided and issued by Hollard Insurance Partners Limited ABN 96 067 524 216, AFSL 235030 (Hollard) and distributed by the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (CBA). 1 Cover for damage caused by storm, bushfire or flood is excluded for the first 48 hours of the policy (exceptions apply). Claim limits and other exclusions apply.Ģ Gap Cover does not apply to Portable Contents Cover, Items with a maximum claim limit and Legal Liability. ![]()
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