Who pays for the home insurance when you let your house?
Question by maria winchester: Who pays for the home insurance when you let your house?
I ask this question on behalf of my friend, who lives in Malaysia. He wants to know what the law in England will be in this case.
My friend is gonna let his house to another, so that he can have some income. A question arises: They need to buy a home insurance in case there is an accident like fire. Apparently in Malaysia, a homeowner doesn’t have to buy insurance for his house.
So in this case, who should pay for the home insurance, the homeowner or the tenant? I mean, the rental period is 2 years, and the insurance, if paid, will cover for 2 years only.
Best answer:
Answer by paulina
whoever owns the house
duh
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Best Wishes,
Add your own answer in the comments!
The owner
It would be the homeowner, since they would be the responsible party in case of liability, or the beneficiary in case of fire.
And Paulina, don’t give your “duh” too quickly. You totally missed the question NOT being about USA insurance.
Whoever owns the house has the interest in insuring it against loss. Homeowners insurance generally does NOT protect the contents of the home againse loss, however, whether it be from fire, robbery or whatever. The cost of that insurance is usually passed on to renters as part of their rent. Renters can buy insurance specifically for renters which covers the value of their bellongings.