LANDLORD'S
FURNISHINGS - INSURANCE
Under
a typical landlord’s insurance policy the insurer will cover a
landlord's:
- fittings
- furniture
- furnishings
- carpets.
-
if they suffer loss or damage because of one of the listed events.
This cover is available if:
- you have either
a replacement or an indemnity policy.
- you are a
landlord
- you do not live
in your home, and
- the items are
in your home for the use of your tenant.
Under
this section of the policy, the insurer may:
- require the
items to be repaired or replaced.
- pay you the
reasonable cost of repairing or replacing the items which suffer loss
or damage.
- do both.
The
insurer will not pay for any loss or damage that is intentionally
caused by your tenant. It may choose to apply depreciation based on
the age and condition of each item before it settles any claim.
Typically, under this section of the policy the most the insurer will
pay is 5% of the sum insured.