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Many large and medium-sized rental properties include a requirement in their lease that tenants hold renters' insurance. [2] If the tenant damages the premises, [3] the landlord and other tenants can recover against the perpetrator's insurance. It is important to know what type of damage your insurance covers.
An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa . [ 2 ]
Personal property coverage. Personal property coverage is the same for all three types of home insurance, but the base amount built into the policy is different. In a homeowners policy, the ...
Although it’s not a legal necessity, some property owners may insist on tenants having insurance as part of their rental agreement. Renters insurance is much more budget-friendly than homeowners ...
A standard HO-3 home insurance policy covers many things, including your home’s physical structure, as well as other structures like a swimming pool or detached garage, your personal belongings ...
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