For the first time ever I called to file a claim on a rental unit’s insurance.
We had had a Young Army Guy (YAG) stay in our fully-furnished 1-bedroom unit. He developed some unsavory friends who were hanging about, smoking cigarettes and throwing butts on the lawn (I HATE picking up butts) and generally trashing the place.
We gave YAG notice to vacate. He left, went back home to Mama in Texas but neglected to give us the keys. Unsavory friends then stole flat-screen TV, vacuum, DVD player, linens, antique radio, etc.
I filed claim with National Casualty Company, a Scottsdale Company, after noting that there was $16,000 in contents coverage on that unit.
It turns out that contents coverage is ONLY for fire and volcanic eruption. Maybe also for meteor strikes.
I have had a hard time understanding the policy: “You may use up to 10% of the Coverage A limit of liability of loss for both fair rental value as described in Coverage D and additional living expense as described in Coverage E”.
“This coverage does not apply to property of guests or servants or to rowboats or canoes.”
“Payment under this coverage reduces the Coverage C limit of liability by the amount paid for the same loss.”
Absolutely and purposely incomprehensible policy jargon. So I called the company.
I DON’T HAVE COVERAGE!
Has this happened to anyone else? Theft is covered under Homeowner’s Insurance, but not under Landlord/Tenant Policies?!
Fortunately Mama in Texas is going to mail a check for $1596 so that I will take YAG’s name off the Burglary report.
What is going on here? Anyone with a clue about those hateful policies?