Ask Experts Questions for FREE Help !
Ask
    june lederle's Avatar
    june lederle Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 22, 2006, 01:48 PM
    Homeowner Liability Insurance
    I own a rental condo on the 9th floor in an 11 story poured in place concrete and steel building. I carry a liability insurance policy on this property. If there is water damage to a unit below me (hot water heater valve malfunction causing flooding) will this liability policy cover the damage to the unit below? I am aware that unless I also carry content insurance on my own unit, the damage in my unit will not be covered. My concern is for my protection from water damage to others.
    RichardBondMan's Avatar
    RichardBondMan Posts: 832, Reputation: 66
    Senior Member
     
    #2

    Nov 22, 2006, 07:29 PM
    Quote Originally Posted by june lederle
    I own a rental condo on the 9th floor in an 11 story poured in place concrete and steel building. I carry a liability insurance policy on this property. If there is water damage to a unit below me (hot water heater valve malfunction causing flooding) will this liability policy cover the damage to the unit below? I am aware that unless I also carry content insurance on my own unit, the damage in my unit will not be covered. My concern is for my protection from water damage to others.
    I am an agent not a claims adjuster but my best guess is yes, any such damage caused as you described would be covered, no deductible of course for damage to other's property. I would like for an experienced adjuster to answer also.
    rick7's Avatar
    rick7 Posts: 1, Reputation: 1
    New Member
     
    #3

    May 8, 2012, 08:14 AM
    A friend fell in my home.
    They fractured their nose, otherwise seem OK.
    Should I contact the company carrying my homeowners insurance?
    Do the insurance companies penalize you for notifying them?

    Richardwvu@yahoo.com
    ma0641's Avatar
    ma0641 Posts: 15,681, Reputation: 1012
    Uber Member
     
    #4

    May 31, 2012, 02:58 PM
    Quote Originally Posted by rick7 View Post
    A friend fell in my home.
    They fractured their nose, otherwise seem ok.
    Should I contact the company carrying my homeowners insurance?
    Do the insurance companies penalize you for notifying them?

    richardwvu@yahoo.com
    1-YES, 2-NO and 3-easier than answering an attorney with a claim!

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Motgage Insurance vs. Life Insurance [ 6 Answers ]

Hi-- I just bought a new house and am getting solicitations for mortgage insurance if I kick the bucket. I don't want my wife to have to be burdened by mortgage debt. Had thought about getting term life insurance to cover the mortgage amount, what's the better approach??

Please Help: Advice for a homeowner about a Contractor! [ 4 Answers ]

Good afternoon. First some background. Recently I got a new position with my company. I stay in Cherry Hill NJ 3 weeks of every month for work, and on the 4th week I fly home to Oregon to be with my family. Hard hours, but that's how I pay the bills. I rent a room with a friend while here,...

Homeowner liability [ 20 Answers ]

As a homeowner renting out a room, can my roommate sue me if she has a slip and fall type accident on my property?

Overhead Sewer System; homeowner [ 1 Answers ]

Hi ho! My son bought a house with an overhead sewer system. It looks like the basment back-discharge toilet was added in recent history. There is also a utility sink with its own motorized pump connected to the sewer drain discharge pipe (on its way to the street). The main sewer system...

Trampoline liability [ 0 Answers ]

I have recently purchased a full-size round trampoline for my two kids, 5 and 7. It is in our fenced (3 1/2 ft.) backyard, which is visible to at least a dozen homes in the neighborhood. All of a sudden, every kid in the neighborhood wants to come over and make friends---and the first thing they...


View more questions Search