Facts about Fires for Tenants and Homeowners
Fires can be confusing and emotional at any time, but there are some extra facts to consider for fires at rental properties. SERVPRO of Lewisburg / Selinsgrove wants you to know these 3 facts to could help make things slightly less chaotic.
Facts About Rental Property Fire Damages
1. Structural Damage is covered by the Homeowner
The owner of the property is responsible for covering damage caused by fire to the property itself. This includes anything used to build the property, and any contents that may have been there upon the tenant moving in. These are covered under the property owner's home-owner's insurance.
2. Personal Belongings are the Tenants Responsibility
Tenants belongings are not covered under the homeowner's policy. These contents include clothing, furniture the tenant brought into the home, electronic devices, and any personal things. If you are renting, it is important that you have renter's insurance to ensure the costs of your personal belongings are covered. Tenants should make sure that that the policy they choose will cover replacement costs and not actual value with depreciation.
3. You May Be Able to Cover Additional Costs With Renter's Insurance
Renters insurance policies may also provide a limited amount of liability coverage for negligence as well as injuries or property damage suffered by third parties. These policies may also help to offset a variety of other expenses such as additional living costs or the cost of temporary relocation.