Debunking 5 Common Renters Insurance Myths

A close of the header of a renters insurance application on top of a desk next to a pair of keys, glasses, a pen, a calculator and one-hundred dollar bills.If your landlord doesn’t require you to have renters insurance, wouldn’t it just be better to pocket the expenses? What sense is there in investing in an insurance policy when living in an apartment, house, or duplex owned by someone else? Unfortunately, there are a lot of misconceptions about renters insurance that result in residents not obtaining proper coverage for their belongings, leaving them vulnerable to severe financial repercussions. That’s why it’s important to debunk these common renters insurance myths. [Read more…]

Who is Responsible for Improvements on Leased Property?

Businesswoman reviews lease agreement in office.

From spiffing up a single-bedroom apartment to overhauling a leased retail space, an improvement made on leased property changes the value of the property overall. Unlike with possessions, many improvements (or betterments) made to the property cannot easily be taken with them, so who is responsible for cover the increased value when it comes to insurance: the lessee or the landlord? Today we’re going to look at how improvements on the leased property should be covered and whose responsibility they should be.

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