Rental Property Fires and How to Handle Them
Fires at rental properties can be confusing for all involved. Here at SERVPRO of Williamsport / Montoursville, we want to try to help make this process as easy as possible. Here is some information that may help.
3 Facts About Fire Damage at a Rental Property
1. Property Owners are Responsible for Structural Damage
The owner of the property is responsible for covering damage caused by fire to the property itself. This includes anything used to build the property, and any contents that may have been included. These are covered under the property owner's home-owner's insurance.
2. Tenants are Responsible for Their Contents
These contents include clothing, furniture they brought into the home with them, electronic devices, and personal effects. This is likely to be the case regardless of the cause of a fire. It is important that renters have Renter's insurance to ensure the costs are covered. Tenants should make sure that that the policy they choose will cover replacement costs and not actual value with depreciation.
3. Renters Insurance Can Also Cover Additional Costs
Renters insurance policies may also provide a limited amount of liability coverage for negligence as well as injuries or property damage suffered by third parties. These policies may also help to offset a variety of other expenses such as additional living costs or the cost of temporary relocation.