Definition: The term "tenants' insurance" refers to a policy that provides coverage for specific types of damage or loss that can occur during the lease period between the landlord and the tenant. The policies may include various covered risks, such as fire, theft, vandalism, lightning strikes, and personal injury. When specifying what tenants' insurance covers, it is important to consider the specifics of each property, its condition at the time the policy was issued, and any additional or unique risks that may apply due to a lease agreement between the landlord and tenant. For example, in the case of a rental property located in an area prone to severe weather conditions such as hurricanes, earthquakes, tornadoes, or other natural disasters, tenants' insurance policies might also include coverage for damage caused by these events. In summary, the term "tenants' insurance" refers to a policy that protects the landlord's interests during the lease period. It typically covers various covered risks and may also provide additional coverage for specific types of damages due to natural or unexpected events during the rental period.
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