Home insurance against damage to the vacation
When we acquire a second home, offering our house for rent is a good option for income. At other times we buy a house for rent exclusively to destiny and therefore our investment profitable.
Housing is one of the most prized possessions. When hiring a home insurance guarantee our tranquility to any incident that may occur. In this article, we tell you all the benefits of having home insurance in case of rent.
more frequent breakdowns of rented dwellings
One of the most common disputes in the rental housing is the responsibility of the costs of a breakdown. The tenant has the right to housing is in perfect condition and must notify the tenant in case any repair or improvement is needed. The following faults are among the most common of rental flats:
– Works DIY
They are small repairs caused by wear and use of facilities. The tenant must take care of them because it is responsible for taking care of the floor at that time. If it does not handle these things out, the amount of damages from the deposit at the end of your lease will be deducted.
– Faucets and water loss
Water losses are caused by taps or cisterns in poor condition due to a failure of the seal. In this case the landlord is responsible for repairs and you should contact a professional if necessary. If the failure was due to misuse, the tenant must take care of repair.
– Problems wiring
Electrical faults also tend to be fairly common. Always test the contracted power to avoid overloading the electrical circuit. It is the owner’s responsibility to check the electrical system to prevent any incident.
– Faulty appliances
Failures appliances are one of the most common faults reported to home insurance. The lessee must carry out proper maintenance of them and take on repairs if necessary.
– Malfunctions in the electric boiler
Damage usually occur within five years, at the end of the lifecycle. The owner must take proper maintenance to prevent leakage or breakage once a year.
other damage are also common on the continent of housing as ground breaking, damage to the paint on the walls, pipes … etc.
The owner is responsible for repairs arising from poor maintenance or poor condition of the conditions but it is the tenant who is responsible for making good use of them.
How do you protect your home insurance damage to rental housing?
To give greater peace of mind for rental housing in specific home insurance to protect homeowners coverages are included.
The damage and vandalism coverage protects us against deterioration of furniture, vandalism or theft of the continent. Thus housing the insured is protected for a maximum amount set companies. In case of damage an expert will be responsible for checking the status of housing to meet the compensation.
Should prevent damage to rent the property for a period of time, the company is responsible for the loss of rent. This warranty extends for the period that housing is disabled but with a time or monetary limit set by the company.
Other coverage that guarantees protection of rental housing is the protection against non – payment of rent, covering the lack of tenant payment in monthly installments.