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Renters insurance is getting harder to come by and more expensive in California as insurers pull back from the state's troubled homeowners market, which has been hard hit by wildfires.
Multiple companies track renters' insurance in apartment complexes by requiring the tenant to purchase insurance, while maintaining a database of expiration dates, cancellations, and additional information for the property owner/manager to use to ensure coverage for all units.
For renters, the program covers up to $100,000 in damage to the contents of a unit. The National Flood Insurance Program is available to anyone living in one of the 24,000 participating ...
The remaining 21.3% of home insurance policies were covered by renter's or condominium insurance. 14.8% of these had the HO-4 Contents Broad form, also known as renters' insurance, which covers the contents of an apartment not specifically covered in the blanket policy written for the complex. [13]
Rent guarantee insurance is a form of underwriting through which landlords can be protected against loss of rent if the lessee defaults. Globally, most firms offer this protection through regulated insurance companies, to ensure that the provider can make good on promises of payment.
Michael Jordan's former mansion is now available to rent on a short-term lease, with a month-long stay at $230,000. ... wildfires fear their insurance payouts won't be enough to cover the costs of ...
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