What is the difference between liability and property damage for renters?
For renters, many landlords in the lease will require that you have liability insurance. So, liabilities the same thing that we’ve been discussing, in the previous videos, things could happen in your business space. You have a slip and fall and you have insurance that protects the landlord and you. The landlord wants to have that extra security there. That’s the liability protection for bodily injury and property damage when someone is trying to collect money from you. Then there’s just the property damage aspect of it when you’re trying to collect for yourself for any incidents that happen on your property. For instance. You could have a fire, a pipe could burst, the building could be flooded or the ceiling caved in. If you have any questions about any of these things consult with an experienced insurance claims attorney.