If you want to make sure your personal property is covered by insurance, you need to get the insurance policy yourself. In general, a resident's personal property is not covered by the landlord's insurance policy. Here are a few key points from the Lease used by many property owners and Realtors in Anne Aundel County. Please note that this is NOT legal advice.
- The Tenant must provide proof of insurance coverage to the Landlord or the Landlords Agent at time of move-in and at any other time upon request.
- Tenant agrees to obtain Tenant liability insurance in an amount not less than the amount specified in the Lease. Often, the amount is $100,000.
- The Tenant's policy shall have the Landlord and Landlords Agent named as "additionally insured."
- If the Tenant does not provide proof of such coverage at move-in, Landlord may reserve the right (but in no case is required or expected) to place liability coverage in Tenants name and at Tenants expense.
- The cost of the insurance policy premium, if placed by Landlord, may be considered as "additional rent".
- A Tenant may not act nor permit others to act in a manner that will adversely affect, increase the cost of, or result in the cancellation of any fire or other insurance policy of the Landlord covering the Premises.
- The tenant acknowledges that all of their personal property (or property which belongs to others placed on the Premises at the invitation of or with the consent of the Tenant) is at the Tenant's sole risk.
- To the extent permitted by law, the Tenant shall indemnify and hold harmless Landlord from and against any loss or damage to such personal property.
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