Posted by Brandoncbsre on May 16, 2011 at 07:34:20:
Yes. The tenants insurance does not cover the property. Talk to
your insurance agent to make sure you have the coverage you
need.
Purchase Insurance for Retail Property? - Posted by Mike W
Posted by Mike W on May 03, 2011 at 20:42:26:
Hello all,
If you owned a retail investment property and you specify in the lease that the tenant should carry their business insurance in case of glass breakage/theft/battery/assault, should the Landlord also carry a separate insurance for the property?
If such incidents occur on the property, can the tenant’s customer SUE the Landlord also?
Any input is appreciated.
Re: Purchase Insurance for Retail Property? - Posted by john M
Posted by john M on August 03, 2011 at 23:58:17:
I’m leaning toward getting the general liability insurance even though
the lease says that the tenant is responsible. People who sue go after
everybody that is associated with that property. I don’t want to take
any chances that the tenant policy is not up to date, not paid for, or
does not include the protection of the landlord. I plan to bill my tenant
for the policy.