Umbrella Insurance: The Superman Policy
You're getting ready to go on a date. You are the one driving, and you are really excited. This is your first date with this person and you have been planning it for weeks. So you take your car and head out to go pick up your date. As you are arriving, you start to feel this thumping in your car; you dismiss the sounds and keep heading to your dates place.
Being a Landlord Means More Risk
It'd be a wonderful world if everybody could be trusted implicitly and never had any accidents. But that's not the case, and you need to protect yourself. While homeowners insurance would cover damages incurred by you living in a unit that you own, they generally will not cover damages caused by renters. Which means that anything your renters do to the house and refuse to pay for, your insurance will not cover. Of course, you could try to take them to court, but this could easily cost you more than it would to simply repair the damage yourself.
You will notice as soon as the tire goes flat that your car starts to swerve or shake uncontrollably. This can lead to some serious steering challenges. Make sure that you are in control by holding tight to the wheel and keeping every car around you safe by steering slowly off the road.
The other thing you should take into consideration if you're planning on becoming a landlord is the fact that you could very easily be liable for any injuries suffered by your tenants. While the details may vary, any sort of defect with the house that causes physical injury to one of your renters will be your responsibility. And although you may try your best to ensure that the property is safe, sometimes accidents happen. No matter how it occurred, you don't want to find yourself on the wrong side of a liability lawsuit to pay for expensive medical bills. Thankfully, the proper landlord insurance policy can help protect you from situations like this.
But on occasion, backup is necessary. That is why Superman is kind of handy. He can go anywhere in the blink of an eye. He can fly around picking off stray problems that the others can't cover alone. He does a little of everything.
This will keep people aware of where you are at (which is especially important when you are driving in the dark on the highway). It may take some extra planning in advance to have reflectors and other things to make sure people see you but when it comes down to it and you are having huge semis passing on your left, you are going to want to be noticed.
Although your landlord insurance will not appreciate an abundance of claims, they do understand that you will file more than the typical homeowner. Renters often do not take care of the property as well as an owner would, and landlord insurance is there to protect against this. It usually runs about 15% more than homeowners insurance, but it's worth it.
Don't Be Caught Without It
Make sure you have back up plans with your date. The truth is that you never know when a nail or something else will pop up and get your tires. It may seem like a simple thing but it can be devastating if you aren't ready for it. For every time there is a moment like that, make sure you follow these sage tips and keep everyone else on the road as safe as possible.
Being a Landlord Means More Risk
It'd be a wonderful world if everybody could be trusted implicitly and never had any accidents. But that's not the case, and you need to protect yourself. While homeowners insurance would cover damages incurred by you living in a unit that you own, they generally will not cover damages caused by renters. Which means that anything your renters do to the house and refuse to pay for, your insurance will not cover. Of course, you could try to take them to court, but this could easily cost you more than it would to simply repair the damage yourself.
You will notice as soon as the tire goes flat that your car starts to swerve or shake uncontrollably. This can lead to some serious steering challenges. Make sure that you are in control by holding tight to the wheel and keeping every car around you safe by steering slowly off the road.
The other thing you should take into consideration if you're planning on becoming a landlord is the fact that you could very easily be liable for any injuries suffered by your tenants. While the details may vary, any sort of defect with the house that causes physical injury to one of your renters will be your responsibility. And although you may try your best to ensure that the property is safe, sometimes accidents happen. No matter how it occurred, you don't want to find yourself on the wrong side of a liability lawsuit to pay for expensive medical bills. Thankfully, the proper landlord insurance policy can help protect you from situations like this.
But on occasion, backup is necessary. That is why Superman is kind of handy. He can go anywhere in the blink of an eye. He can fly around picking off stray problems that the others can't cover alone. He does a little of everything.
This will keep people aware of where you are at (which is especially important when you are driving in the dark on the highway). It may take some extra planning in advance to have reflectors and other things to make sure people see you but when it comes down to it and you are having huge semis passing on your left, you are going to want to be noticed.
Although your landlord insurance will not appreciate an abundance of claims, they do understand that you will file more than the typical homeowner. Renters often do not take care of the property as well as an owner would, and landlord insurance is there to protect against this. It usually runs about 15% more than homeowners insurance, but it's worth it.
Don't Be Caught Without It
Make sure you have back up plans with your date. The truth is that you never know when a nail or something else will pop up and get your tires. It may seem like a simple thing but it can be devastating if you aren't ready for it. For every time there is a moment like that, make sure you follow these sage tips and keep everyone else on the road as safe as possible.
About the Author:
CNC Insurance Brokerage Services is in the business of covering every aspect of your life and family with quality and affordable insurance coverage. CNC offers you a central hub for yourauto insurance , homeowners, life, renters and every other insurance need you have. CNC services families and businesses in Frisco, Dallas, Plano, McKinney, and their surrounding communities. We pride ourselves in giving you the best bang for your buck. We go to work to protect your assets for you at a price that fits your budget.
posted by Vittoria @ January 03, 2014
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