Do we need insurance?

Under the RTA Act, tenants are now liable for the damage caused to a rental property.

建議租客買保險!

根據《 RTA規定》,如有損壞租用地方,租客必須賠償。

tenant insurance policy

The common misconception of the landlord’s insurance is that the tenant’s belongings are covered by the insurance of the landlords. While it is true that the landlords have insurance, this usually covers the structural damage of the home in case of fire for example but not the loss of the tenant’s belongings such as furniture, electronics or clothes. 

租客常以為房東保險已包括租客家具電子產品及財物,其實只有房屋的結構保險例如火災等等,租客的財物不受保!

What does the contents insurance cover?

財物保險包括些甚麼呢!

 I am careful, I don’t own much stuff….but what if? One unfortunate thing happens. Yes, to good people. 

這個人很小心,也沒有甚麼貴重東西….但是如果你有呢?不幸事發生呢不怕一萬只怕萬一

Generally, content insurance covers the items that are damaged/ stolen at your rental home. Different policies apply depending on your choice so have a good read and understanding of your policy to know what is included.

通常財物保險包括在您租房屋中被偷或損壞的財物各種類的財物保險有不一樣的賠償方案,因此请了解清楚保險公司的保單及投保的內容!

As a Property Manager, I recommend to consider personal liability insurance as you can be held liable for the damage caused at the rental home even for the damages caused by your friends or guests. 

作為物業管理我們建議租客買責任保險萬一出租房屋不小心被人為損壞保險公司將會承擔責任

 

!! IMPORTANT!!

Tenants are now liable for careless damage caused to a rental property, costing them the lower of four weeks’ rent or the landlord’s insurance excess.

!請注意!!

現在規定如有損壞租用地方,租客必須賠償保險墊底費或4周租金!