Wednesday, March 10 2010 @ 01:37 PM UTC
Contributed by: Kevin Bradley
First of all, we recommend that you insure YOUR contents under a homeowner´s multirisk policy. This policy will include coverage for fire, theft, explosion, earthquake, hurricane/windstorm, flood, smoke and water damages. It will also cover your electronic equipment ( % of the basic sum insured); theft ( % of the basic sum insured); break in with forced entry and assault (up to $250.00 cash) inside or outside the premises.
Within this basic policy, there is General Liability Coverage up to $100,000.00. This protection also extends to damage sustained by your neighbors from an incident originating in your residence.
If you are renting to third parties, we recommend that you request a "special endorsement" extending the Personal Liability coverage to these inquilinos(renters):
This special endorsement will extend coverage to the damages caused to third parties as a result of the renter’s negligence for which they are legally liable.