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Subject:
Is not having renters insurance a cause to break the lease when it's required
Category: Family and Home > Home Asked by: hinpin-ga List Price: $2.00 |
Posted:
01 Oct 2006 21:53 PDT
Expires: 31 Oct 2006 20:53 PST Question ID: 770068 |
Is not having renters insurance a cause to break the lease when it's required according to the lease. In the lease it says "The tenant is required to maintain a tenant's insurance policy at all times. A copy of the policy is to be provided to the landlord at the time of occupancy. Failure to maintain insurance coverage is cause for termination of the tenancy." I did get the lease but i never give any copy to the landlord. Now that i have to move out because i got fired, i am wondering if canceling my renter's insurance will break the lease for me. Thanks for all you good people. |
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There is no answer at this time. |
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Subject:
Re: Is not having renters insurance a cause to break the lease when it's required
From: cynthia-ga on 01 Oct 2006 22:24 PDT |
That would depend on whether the insurance carrier is bound to tell the Apartment Manager if your policy is cancelled (for whatever reason). If so, and they do, the Apartment would most certainly demand that you comply and get another policy, or be forced to move. This would not happen overnight though. Read your Rental Lease Agreement carefully, there may be a stipulation that if you do not aquire and maintain Renter's Insurance, that the Apartment can purchase a policy for you and add it to your rent. |
Subject:
Re: Is not having renters insurance a cause to break the lease when it's required
From: stanmartin1952-ga on 01 Oct 2006 23:58 PDT |
Here's a search on how to break a lease: ://www.google.ca/search?hl=en&q=how+to+break+a+lease&btnG=Google+Search |
Subject:
Re: Is not having renters insurance a cause to break the lease when it's required
From: hinpin-ga on 02 Oct 2006 07:43 PDT |
actually there is nothing on the lease that says anything to the effect that if I do not aquire and maintain Renter's Insurance, then the Apartment can purchase a policy for me and add it to my rent. |
Subject:
Re: Is not having renters insurance a cause to break the lease when it's require
From: myoarin-ga on 02 Oct 2006 08:57 PDT |
HI, I am sorry to hear about your problem. The situation may depend on the state's law on landlord/tenants. Failure to maintain insurance coverage CAN be a cause for termination, but that is at the discretion of the landlord. As I understand your question, you have the insurance but have not provided the landlord with a copy of the policy (not the "lease"), that is to say, the landlord has till now not bothered with the formality. Furthermore, termination for failure to maintain the insurance, doesn't mean a simple out - cancellation of the lease with no further conditions. If you want toe break the lease, the terms of the contract and the provisions of the law will apply. This is a free comment, and of course, as you can read in the disclaimer below, is no substitute for professional or legal advice. |
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