Will a renter of my vacation home homeowners liability policy pay for damage they do to my rental property? | |
I own a vacation home rental property that I rent by week and weekends. If the renter damages my property will I be able to bring suit against them and their homeowners policy pay for the damages?
I had a renter use my property and they or their guest put burn holes in my furniture and carpet. They also broke a bed and put a hole in the wall. They have a NJ HO3 policy, will that pay the damages? Is the damage considered intentional?
I do know HO3 liability policies cover for property damage. If it wasn't done diliberately. Liability covers the homeowner and their resident relatives wherever they are; not just on the premises. This is what I am wondering, will their homewoners liability property damage coverage provide for the damage they done to my property. I know I would have to bring suit against them but the LIABILITY PD coverage part should cover the damage they done to my property. I think this correct but looking for correct language if anyone knows!
Answers:
1Nope, unless you sue them in small claims court, and prove that a different renter didn't do the damage.
Their homeowners policy is NOT going to cover it - you'll have to go after them personally.
Tenant damage is part of the cost of doing rental business - you need to factor it into your rental charges.
You'll have to determine if it was them, or their guest. If you sue THEM, all they have to say was, it wasn't us, it was a guest! or, The damage was already there when we got there! Then you have to prove differently. It's VERY difficult to do.
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