Tenant Insurance

   If you are a tenant, you might not realize how important Renterʻs Insurance can be for when disaster strikes.  Once that tsunami warning is issued, or worse, when that siren is going off, itʻs already too late.   It is not just natural disasters you need to worry about.

   Several of the condominiums along the Leeward Coast were built in the 1970ʻs and some of the deteriorated plumbing is beginning to fail.  Water can pour down the walls of your apartment from upstairs ruining your personal belongings.  The landlord is only responsible for restoring the property, not for reimbursing you for your things.

   During a lightning storm, an electrical surge throughout one of the properties that we manage blew out every single electrical appliance in it.  In this particular case, the refrigerator, stove, and window air conditioners all belonged to the tenant.

   A burglar smashed a glass door o get a tenantʻs possessions and they got mostly everything.  Being a victim of a robbery is an awful thing, however, the reality is that the landlord is only responsible for fixing the door.

   Properties can completely burn down and it does not matter what caused the fire.  The landlordʻs policy will cover damage to the house only.  If you have the right renterʻs insurance, the policy can also pay for a hotel room for you. 

   What if your dog bites someone?  What if you friend falls down gets hurt at your rental?  Do your children like to throw things down the toilet?  The incidents that can happen are many.

   Talk to your insurance agent today.  You may be surprised at the reasonable cost for one of these policies.  Remember, it is not "if" something will happen, it is "when".