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Liability Insurance #252402
04/08/2021 07:25 PM
04/08/2021 07:25 PM
Joined: Nov 2016
Posts: 70
B
Buddyhog Offline OP
Traveler
Buddyhog  Offline OP
Traveler
B
Joined: Nov 2016
Posts: 70
Planning on buying condo and putting on the rental market. Do I need to purchase liability insurance in case renter is hurt and sues me? Thanks

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Re: Liability Insurance [Re: Buddyhog] #252404
04/08/2021 07:31 PM
04/08/2021 07:31 PM
Joined: Mar 2009
Posts: 18,701
Auburn, WA
SXMScubaman Online content
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SXMScubaman  Online Content
Traveler
Joined: Mar 2009
Posts: 18,701
Auburn, WA
By all means.

Re: Liability Insurance [Re: Buddyhog] #252405
04/08/2021 07:38 PM
04/08/2021 07:38 PM
Joined: Aug 2000
Posts: 82,683
Central Florida!
Carol_Hill Offline
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Carol_Hill  Offline
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Joined: Aug 2000
Posts: 82,683
Central Florida!
This is a topic that you should consult a lawyer where you are purchasing the condo, either Dutch or French.


Carol Hill
Re: Liability Insurance [Re: Buddyhog] #252406
04/08/2021 07:47 PM
04/08/2021 07:47 PM
Joined: Jun 2017
Posts: 95
Southern US
S
Southbound Offline
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Southbound  Offline
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Joined: Jun 2017
Posts: 95
Southern US
The type of policy you should be looking for is what is commonly known as an HO6 Condominium Unit Owners policy. In addition to liability coverage, it should include personal property coverage for contents of the unit, loss of use/rents, coverage for those parts of the building that are not the responsibility of the condo association(may include items like floor coverings, light and plumbing fixtures, wall coverings, etc.) and loss assessment coverage to cover your share of the association's deductible in the event of a large loss like fire or windstorm. Read the condo association documents carefully to know what you are responsible for!

Re: Liability Insurance [Re: Southbound] #252419
04/09/2021 08:46 AM
04/09/2021 08:46 AM
Joined: Nov 2016
Posts: 70
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Buddyhog Offline OP
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Buddyhog  Offline OP
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Joined: Nov 2016
Posts: 70
Buying on the Dutch side. Any recommendations for lawyer and insurance agent? Thanks


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