Generally, the short answer to this question is yes, tenants are liable for accidental damage to rental property, whether they are renting a home in which they are the only tenants, or in an apartment building with multiple units. For example, if a tenant leaves their stove on and ends up causing fire damage to their apartment as well as their neighbors, they are responsible for any damages that are caused to their rented property as well as any affected suites.
Ensuring tenants insurance is in place can save you lots of money, whether you’re the landlord or the tenant. Find out how much peace of mind costs with a personalized quote from APOLLO Insurance today!