Archive for category subrogation
Family Liability
Posted by admin in liability, subrogation on September 8, 2009
Liability protection is needed, start by getting a quote by clicking here
This is the most IMPORTANT coverage on the Renter’s Insurance policy.
You have a 401k or Retirement fund or a Credit Score that you are trying HARD to protect…
The Liability protection is key to your succeeding in the event of a major loss.
Example: You have a policy and accidentally cause a fire in your home. The fire was small and caused 40-70,000.00 dollars of damage. Do you have the funds to pay that? The apartment or Landlord’s policy will pay for the damage. But once they find that YOU were “at fault”, a lawsuit will be levied asking for you to repay the damage.
A lawsuit could jeopardize your retirement funds or position a filing of bankruptcy in order to rid yourself of the debt.
Having a Renters Insurance policy could position you with the liability protection to reimburse others for the loss you caused them.
Liability Protection… It is MORE IMPORTANT than you may consider.
Liability protection is needed, start by getting a quote by clicking here
Burned Home
Posted by admin in Negligence, Personal Property, fire, law suit, liability, renters insurance, subrogation on April 1, 2009
Renting a home, apartment, condo, or mobile home? What happens when???
The home you are living in burns due to your mistake?
Many tenants believe that due to the fact they do not own much, a loss is not reason enough to have renters insurance. That perspective is unfortunately not totally true.
After a tenant caused loss, the owner’s policy is positioned to repair or rebuild. The tenant’s personal property is not covered by the property owner’s policy.
What happens next? The property owner’s insurance company gets a copy of the fire department report. If the Tenant is the defined cause of the fire, the owner’s insurance company will SUE the TENANT for reimbursement.
Question: As a tenant, do you have the thousands of dollars to pay back the insurance company for the loss you potentially caused?
The renter’s policy is the key to the solution. If a tenant makes a mistake, the renter’s policy is positioned to provide coverage for the tenant’s negligence.
Renter’s Insurance. Coverage for MORE than personal property.
Call us at 1-877-MattLocke or submit the online form for a quote.
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