Hi Everyone
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Received a property investment newsletter the other day.
There was a story about a tenant who had injured her back when she tripped on a hole in a carpet in 1990 landed on the bathroom floor and sustained a serious injury.
Therefor she sued her land lady claiming her injuries were caused by the owner’s or her agent’s failure to take reasonable care for her safety and won
$1.2 million in damages![]
I couldn’t believe what i was reading.
As a investor we take out the appropriate insurances & maintain and up keep our properties but,
my question is would it be wise to take out Public Liability as well?
Ohhh what next!
Just wondering what people’s view’s are on this topic.
Thank’s for any feedback.Yes. It is wise to take out landlord insurance. I think for around $220 it covers tenant defaults and damage and $10million in public liability.
mine is $20m
Most insurances these days covers you for public liability but you must make sure it is in your insurance policy – these sort of things are coming up more and more these day
Do today what you want to do tomorrow
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