Do I need the renter insurance?

I have 2 untis on my property. I live in one and rent out a small cottage. I purchase the home owner insurance to cover both. Do I still need a renter insurance in addition to the one I have? I remembered reading it from here that I should get one. But I don’t quite understand the reason behind it. Kindly explain. Thank you so much.

what Hindu law says about a women inheriting her deceased husband property?what happens to the property?

she inherits after she re-marries ..? Can she still be owner of that property or money from insurances?

How do I get my property back from the authorities?

My house was burglarized. The crack head got away but without my property I caught him . He left on a bike he’s no kid in his thirties.The problem is he left the items at the side of my house he even took food out of my kitchen but getting back to the items that he left at the side of the house and even took my boat battery out of my boat.The items he left were my wife’s television .microwave I went to my insurance home owner $1000.00 deduct ale in which the items were worth I live on a fixed income and can’t afford it .The police took it all for evidence .I can’t heat my food up can’t go on my boat and my wife can’t watch her television her gold watch witch was only a Timex.HELP how do I get my stuff back.

Are property taxes included in your pre-paid (closing cost?)?

My husband & I bought our house in July 2006. We got a bill yesterday stating that we owe taxes from 2007 & 2006. I thought that when we bought our house that we had paid our taxes up until this year (part of our closing cost) Aren’t you required to pre-pay your home owners insurance & taxes for 1 year when you buy a house?

We live in Michigan & had a private party sales transaction (we bought our house from my cousin)

how to find out what the owners home insurance is to file a claim?

Their renters dog half pit bull came on to my property and mauled my boxers face off. The dogs would get out of the gate numerous times.
Their renters dogs, half pit bull came on to my property and mauled my boxers face off, she died. The house is in back of the front house. If you were looking just in the front you wouldn’t even know there was a house back there. I called the police they said there is nothing they can do I have to go through animal control. When the animal control officier came she told me the dog has to have 2 incidents for the dog to be considered “dangerous”. She cited the tenants in the back residence a $600 fine + 95 x3 for the dogs not being licensed & fixed. I’m even wondering if it is worth all the hassle. They can’t even afford the fine how are they going to pay for anything in court????
1 day ago – 3 days left to answer.

consequence for failure to control the vehicle?

I am a newly liscensed minor in the state of ohio. I hydroplaned and spun into a ditch. no one else was involved there was no property damage (not counting my pride). I wore my seatbelt, I have insurance, etc. the property owner out of concern called the sheriff who gave me a citation for failure to control the vehicle. because i am a minor i must go to court. what are the consequences of this? will I get my liscense taken away? what is about the cost of the citation and the number of points counted on my liscense?

Will some insurance cover me?

I woke up this morning at 5:00 am to my car on fire. I was at my boyfriends house. He lives in a trailer park which is on private property. The fire authority said that it was arson with out a doubt! I only had liability coverage on my car. One of my friends said that the owner of the land that the trailer park is on might have insurance that would cover my car or possibly my boyfriends home owners insurance…. is this true?

Yeah I reported my car stolen?

I need to find out where he lives because I allready have reported it stolen and they said I can not report it stolen because he technically did not steal it I left it behind which is untrue I had no choice and when I went back to get it he moved and the cops will not let me report it stolen and I canceled the insurance on it because it has been gone two months and I could not afford it for a car I dont even have I just need a way to find him so I can be police escorted to the property to get it back

Which property should I pay down the principal more?

Property #1 – 2 bed, 2 bath condo. Bought as a primary home, converted as a rental. Bought for $205,000 with a 20% down, 5.875% 30 year fixed loan of $164,000 in July 2004. Remaining balance on loan, about $155,000. Monthly payment including taxes, insurance association fees is $1,573. $1400 of that payment is covered by rental income. $173 is covered by me.

Property #2 – 3 Bed, 2 Bath Single Family home bought as a primary home. Bought for $355,000 with 20% down, 6.25% 30 year fixed loan of $284,000 in Feb of 2006. Remaining balance on loan, about $277,000. Monthly payment with taxes and insurance is $2,195.

I have $600 of extra cash available every month to pay down the principal of these loans. Which one should I put more money into to pay down the principal? Or should I just spread it evenly by $300 each. I don’t plan to sell any of these properties in the next 5 years. Condo, maybe depending if the market is favorable.

Real estate. insurance. back taxes?

My condos burnt to the ground a month ago. The insurance adjustor saw my condo complex and send me a letter. My two condos were my rental properties. Now the company that insured me wants to see the last two years if my tax returns?? There are stuff on my past fax returns that have nothing to my rental business, so I feel they don’t need to see it. Help here

What can we do when you own property and a duplex with family?

My husband inherited a duplex and a separate piece of property with his 3 brothers. The property is not used as a rental or anything but their mother, Great Aunt (Who is 80 and pays all of the bills) and two of the brothers live there off and on. My husband is the only responsible on in the whole family. We are one of the few lucky people out there who have virtually no debt. The only thing that we are making payments on is our house. We don’t have a lot of money we are just careful with what we have. We live by the principle of if we don’t have the cash for it we don’t need it. Last year when the taxes and insurance were due on everything thing were messy because the stuff was just being transferred over and there were going to be different amounts due so my husband and I just paid it all and sent a letter to the brothers telling then what it was and how much was their share. We also gave them a breakdown of what they needed to save each month for the following year. The youngest brother (21) was the only one who even responded to the letter. He told us that financially he just could not afford it right now (he just got married) but when he got his income tax return he would pay us. The next oldest brother (22) has no job, dropped out of H.S and all he does is sleep till 3pm, drink and get high. He refuses to pay any of it. The brother that is closest in age to my husband(28) is 25 and got out of the Navy last year. He refuses to pay, saying that he doesn’t have the money while going out and buying a $13,000 motorcycle when he has a negative balance in his checking account. We are really annoyed that we are expected to pay for everything just because we are not in debt like they are and my husband has a good job. (my husband has been with the same co since he was 19. Almost 10 years.) We feel like it is not our fault that they are to lazy to go and get a job, and every time something come up the act like we are their bank. We want to know it there is a way to either make them pay, or force them to sign over their share. We can’t do anything right now because the Aunt still lives there and we don’t want to upset her, but we want to make sure that there is nothing that we should be doing in the mean time until she passes away.
I forgot to mention that there is no way that we can rent out even one side of the duplex. The place is falling apart and should probably be condemned.

She has No insurance and my car was hit?

So I go to the gym to walk out and find my car crashed by a women who rented a moving truck from Budget rental. She hit my car and lied about having insurance. Budget does not ask for proof of insurance we were just told. So they don’t cover the damages. She’s not on her husbands insurance so she drives around with no insurance and because she hit my car on privet property she doesnt even get a ticket. Now I’m stuck with paying to have my car fixed. I live in ohio and she just moved here from Illinois and she has her own car with plates and lives here at the apartment complex. So she can hit somone else car and she gets away with this. What can be done about this. This just does not seem to be right at all. Can I bring this to small claims
here is the bad news Budget just called this morning and said they do not ask for insurance and she never got the extra insurance from budget if she was to have a accident. So Yes I could pay the 500 with my insurance but as far as my insurance they will have noone to go after. I had allstate but now have a cheeper one, I called allstate when this happend and they told me to go after her before putting in a claim because once i put in a claim they can’t take it back. Now that I no longer have allstate now what do I do?

how do you make money with rentals??

I was looking into buying rental property. I found a foreclosure for 80K = 475.00 monthly housenote, but then add another $2300.00 yearly taxes and insurance which puts note around 750.00 month max. The houses rent for around 900. to 1,000 in the area so thats only 200. a month profit.

How do ppl make money renting??? Whats the secret? Getting a better deal on sales price?

Renter – accidently burn the house, am I responsible?

I rent a house. Supposed that I accidentally burn the house (negligent or otherwise) and for whatever reason, the owner’s home insurance rejects the claim and the owner sues me. Am I liable for the loss? Is there any insurance that can protect me? Is the rental insurance the answer or it’s only cover my own personal belongings (and assume the owner’s home insurance will cover the property damage).
Addition: Re liabilities insurance: if it’s only $100k, it will not be enough to cover the entire house.

NO, I DID NOT PLAN TO COMMIT ARSON!!!!!! CONTRARY TO THE ANSWER OF 1 POST!!!! THIS IS TO PROTECT MY RIGHTS AND LIABILITIES. HOUSE FIRE CAN HAPPEN TO ANYBODY, IT’S JUST BAD LUCK!!!!

When I owned a house (I still own it, but due to relocation to a different state and unable to sell my house even at a loss, I need to rent first, so this situation is new to me) I ALWAYS carry a home insurance, but as I understand it rental insurance will NOT cover the structure itself.

this is a warm up exercise any ideas where to start?

Net income of Alpha and Omega was incorrectly stated as $547,715 for the year ended December 31. You are called in as the accountant to determine the correct net income. After examination of the accounts, you find the following errors:

OverstatedUnderstated
(1)Office supplies (ending inventory) $ 115
(2)Amortization expense, building5,800
(3)Amortization expense, equipment $ 650
(4)Salaries payable (end of year)1,600
(5)Prepaid insurance (end of year)4,400
(6)Rent expense500
(7)Interest expense 1,200
(8)Property taxes expense 950
(9)Services fees earned2,500
(10)Rental revenue500

Compute Alpha’s correct net income for the year.

am i at fault?

Earlier today I was involved in an accident. I was making a left turn and hit the other car. We called the cops and made an accident report. However, there were no stop signs or speed limit signs or anything so the cop wrote the accident report saying that I had both an obstructed view (since there was a black truck blocking my sight) and there were no road signs. No tickets were given out.

I’m wondering if I’m at fault? I mean technically, i am since i hit her, but at the same time no tickets were given out and he clearly stated that our insurance companies should go after the property owner for not having proper signs. Any idea if I’m responsible for anything?
it was in a parking lot. i was turning left, but the other person was going straight.
wouldn’t i have been given a ticket then?
but if the cop blames it on the property for lack of signs in the report then how am i at fault? who’s to say, since it was a parking lot, that maybe she was supposed to have a stop sign?
i’m sorry i may not be explaining it in enough detail…

we were in a parking lot. and it was basically a 3 way intersection. i was turning left (blocked by a black truck sticking out of a parking spot) she was going down the other way. you’d assume all 3 sides would have stop signs, but instead, none did. so when i saw nobody there i turned. if it would have been a second sooner she’d be going straight and would have been the one who hit me in my side.

Why is there so much ignorance here about immigration?

Why does 99% of people here think 30,000,000 illegal aliens are broke Mexican’s, or they entered illegally or they don’t have money or they all make money and send it home?

An illegal alien can have entered the country LEGALLY and brought millions of dollars with him.

There are legal aliens that are having visa time issues that are successful business owners here pay taxes are millionaires, own vast amounts of property its time you people woke up from the ignorance and stop thinking illegal aliens are all broke and jumping fences.

The real problem here is the USA citizens that are defrauding the welfare system scamming insurance companies, screwing creditors and screwing the government out of taxes they owe.

What documents do I get at a home purchase real estate closing?

Assuming no mortgage is involved, what documents am I supposed to get at a real estate home / condo purchase closing?

What documents do I sign?

Which ones prove that I now own the property?

And if a wire transfer is involved, does the fact that the title / escrow company has disbursed funds to seller mean I know legally own the property and title is clear (title insurance bought) and title company has already recorded new owner with government agencies?

found expensive treasure in purchased property?

I purchased a couch out of someones yard sale. The seller of the couch is known to pick stuff up off the curb so I assumed that is where they got it. Well I finally got around to cleaning it out and found an old I phone in it. I bought a charger to see if it worked and it did. Now do I have to give it back to the person who lost it or can I keep it. I did find an email addy in the phone and contacted them. They first said it had been stolen recently. when I confronted them as to why the last time it was used was in 2010 they told me it was an older phone they had lost and the insurance had replaced it. Doesn’t it technically belong to the insurance company since they replaced it or does it fall under my property now since I legally bought the couch it came with. What should I do? give it back to the last owner or just keep it. Should I ask for a finders fee? owner stated they don’t live in the area anymore but could have a friend pick it up for them. The owner is a dr and has a lot more money than I do. The phone is unlocked and works fine if I put in another sim card that is active.

Insurance for mobility scooter?

I know there are a few companies who offer this but the premiums seem hefty…..when the scooter is indoors or on the owner property surely its coverted in the contents & if used outdoors its a bit like a bike …..again covered by contents as a bike would be…..so is it justa frightener that they tell you to get insurance on them because you feel pretty vulnerable to start with?

Insurance Claim Help?

I was hit by a 15yr old girl (who did not have a Driver’s License). She was driving her mother’s car (she later came to the scene). This was at private property. The police man gave us a report to give to our insurance. Geico told me to contact the other vehicle owner’s insurance (which I did and they opened a claim). My question is, how long does it normally take for them to get my car fixed? They have a local insurance, not a big company. Also, if they dont want to help me, which I was at no-fault in this accident, what can i do to get the money to repair my car. All help is appreciated because this is my first accident.

JC

who is liable? what rights do i have in reguards to my situation?

in feb this year, i was making dinner, i had a small amount of oil on the stove and i put the lid on (because we have a cockroach problem) for a minute while i went up to my chilrens room to tell them to get ready for dinner, when i walked back, my stove and wall where the oven switch is ,was on fire. this is a rental property that i’ve lived in for 2 years and have always had lights blown and other electrical problems. the day before the fire, the owner came over and put a powder and paste in the kitchen for the cockroaches because i was complaining as i did often about the lights blowing all the time. the owners had the insurance company pay for the damage and now the insurance company want me to pay the $3000 bill and a $300 excess fee. is this right? or is it the owner who needs to pay back the insurance?
i really don’t think i was gone long enough for the oil to start it and when the police took my statement i was upset and flustered and thought it was the oil but there was no oil on the stove element and the switch on the wall looked like it had exploded. i called the police to let them know because when i saw fire, i didn’t really look where it came from, my thought was to get out. my fire alarm didn’t go off and i’d love to move but being pregnant and unable to lift or move anything, makes it a bit hard. my doctor says i have to relax.