Related Posts
What's your controversial Houston opinion?
Additional Posts in The Real Estate Bowl
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
Sign Up to see all discussions
- Discover what it’s like to work at companies from real professionals
- Get candid advice from people in your field in a safe space
- Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.
"" is an unusual email domain. If correct, please proceed to the next step
Messaging rates may apply
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
New to Fishbowl?
Download the Fishbowl app to unlock all discussions on Fishbowl.
Share
Embed this post
Copy and paste embed code on your site
Preview
Download the
Fishbowl app
Scan your QR code to download
Fishbowl app on your mobile
Sign up for free to view this conversation on Fishbowl
Sign up for free to continue using Fishbowl
Messaging rates may apply
Is that a covered scenario? I would imagine you need to call on their renter insurance first prior to your landlord liability insurance
Renters insurance typically only covers loss or damage to a renter’s personal property from events not in their control (fire, theft, etc.). It normally does not include any liability coverage. Homeowner’s insurance typically has 3 parts - coverage for repair/replacement of the structure; coverage for any personal property you stored in the building; and liability coverage to protect you if someone is injured or killed on the property. It’s slightly different when you’re a landlord, but your insurance should still cover any damages not considered “normal wear & tear” above the deductible (the definition of “normal wear & tear” can be pretty expansive for a rental property, though).
Isn't that exactly what you have insurance for?...
I had the exact same scenario, with the same deductible and nearly the exact same cost to repair.. insurance covered everything, took the deductible out of tenants' deposit, and insurance covered loss of income as well... insurance premium went up maybe $10 per month afterwards, and I'm in California.
Yes, file the claim.
That’s so sick thank you so much! What evidence did you have to provide them with?
Lots. Too much to go into detail about, but even if the damage couldn't be proven to be caused by your tenants, your insurance should still cover it (IF the type of damage is covered under your policy).
To clarify, I took the deduction out of the tenants' deposit in a separate dealing with the tenants (which is exactly part of what security deposits exist for). I only needed to prove to the tenants themselves (and subsequent legal proceedings) that they caused the damage. They tried taking me to small claims court saying the damage was not their fault -- didn't work out for them.
They're good kids and were decent tenants overall, but they were just that; kids. Didn't realize you have to take care of other people's homes like it's your own even if you're going to rent it. The business operations behind single-family homes owned by individuals don't scale as well as corporate-owned SF homes or apartments that allows negligence to slide as "wear and tear."
Sorry, I’m confused. On what basis did the tenants take you to small claims court?
In order to get an insurance claim approved, you have to prove to the tenants themselves. The tenants caused the damage? My tenants have been evicted and they did cause the damage so I’m basically renovating a lot of things so what’s the best course of action for me you think?
Do u mean the incurable damaged is 7-9k? If so id file. 5-7k is worth the rate increase imo.
Yeah, you’re right.