by Guest » Thu Nov 15, 2012 01:51 pm
I recently bought apartment with two rooms. I stay in one and am planning to rent out the other room to a batch-mate of mine. Should I ask him to get separate renter's insurance? Or my home insurance will do?
Posted: Sun Nov 18, 2012 04:09 am Post Subject:
Should I ask him to get separate renter's insurance? Or my home insurance will do?
Your policy does not protect someone else's property. You can ask your tenant to buy insurance, but the decision is his. It's his property at risk, not yours.
Of course, if you are negligent and cause damage to his property, your insurance may pay for that.
Posted: Mon Nov 19, 2012 01:06 pm Post Subject:
Yes, it's only rational for him to buy a separate coverage which will protect his belongings and contents.
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