The owner`s insurance only covers the property. The coverage does not cover in any way everything that belongs to the tenant. The danger is transferred to the tenant with the exchange of the lease for the lease 1.2. Reporting. The tenant must apply to an insurance company approved by the lessor and (b) inform at least  days in advance of any change or termination of the insurance coverage. It is important to have a fundamental understanding of what is contained in a lease agreement. What is included in a rental agreement often varies with different owners. However, some leasing bases are common in the case of leasing contracts. As a tenant, you`re probably now wondering what will happen if there`s a clause in your rental agreement that requires tenant insurance, but you don`t have tenant insurance? If the tenant has tenant insurance, your insurance company can compensate the tenant, including reimbursement of what you paid as a deductible. It is unlikely that the tenant will be able to compensate for this damage. To ensure the tenant`s service under the lease, to assume responsibility for these damages, the tenant needs tenant insurance.
(c) Insurance for any risk to the tenant`s personal property that is on or on the premises, as well as any improvements or modifications that the lessor is not required to repair under this rental agreement, for the total replacement cost, and if, for example, you are responsible for a certain loss and you do not have tenant insurance, two things can happen: 1.1. Directive requirements. The tenant has one or two comprehensive general liability insurance policies as part of its activities on and on the premises issued by an insurance company approved by the lessor. The tenant pays the full premiums for these policies or before they expire. The insurer will want to recover some of this money and will even try to recover your deductible. Here, tenant insurance is convenient. Tenant insurance is a policy that covers the tenant, their property and any liabilities that may occur on the land while living on the premises. If the lessor requests tenant insurance under a lease agreement, his insurance company which, in a simple rental agreement (under which the lessor does not carry out work), is required to enter into the lease, even if the property is destroyed between exchange and completion. This result will not suit the tenant and (if he refuses to conclude the rental agreement and an order for a given service) can also not suit the lessor, because the tenant may not be able to pay compensation resulting from an infringement. .