It’s a landlord’s responsibility to provide a safe, comfortable living space to all residents. For this reason, it often falls to the landlord to maintain buildings, outside areas and any common rooms such an apartment club house. It’s clear that landlords and residents must split insurance costs, but where does that split occur?
A renter is responsible for the interior of the rented unit. This includes all personal property and liability claims that occur inside of the unit. For instance, if a renter’s unit has electrical cords in the path of traffic and a guest trips and falls, the renter is held liable for any associated medical expenses.
A landlord is responsible for the upkeep of the building structure, community amenities, maintenance/repairs and outdoor areas. Two types of insurance are needed to cover this responsibility. Property insurance protects buildings from damages or losses caused by theft, vandalism, fire or severe weather. Liability insurance covers legal and/or medical expenses associated with injury or property damage due to the landlord’s neglect, discrimination, invasion of privacy or wrongful eviction.
Landlords are also responsible for appliances within units and any contents that he or she owns in furnished units, along with such contents in any common areas. Here are a few examples of instances in which a landlord would be considered responsible:
- A broken rail on a staircase is neglected, causing a renter to fall and suffer an injury
- The nets from the community basketball court are stolen and need to be replaced
- A unit’s air conditioner breaks down
- A hailstorm damages the roof of an apartment building
- A renter slips and falls on an icy walkway
- Fire damage ruins the couch in a furnished unit
Your independent agent can help assess the unique needs of your rental property in order to determine the appropriate coverage that are necessary. This will ensure the continued safety of your renters and the property as a whole.
Protect the property with which you earn your livelihood. Call Ken May Insurance Services at (760) 893-8055 for more information on Carlsbad landlord liability insurance.