If you are a tenant of a dwelling or a local, you care about what you will read below. When you hire a safe think about taking care of your property, but remember that you can also protect your interests. Being a tenant to make sure your first thought is to ensure your content and leave the responsibility of the continent to its owner. That's right, but there are reasons why you may be interested tenant ensure the continent.
To make a secure on tangible goods have to take a few requirements: it exists, it is legal, you can appreciate, you can lose it, that is your property and you have a legitimate interest in order to ensure. Being a tenant can secure the continent of the property so that if an accident happens (eg theft or damage by water, to name a few of the most common) that affects the same you do not find yourself with a lack of protection types:
The owner has no insurance for the property (as a calculation in canary half the households do not have home insurance).
I find it very difficult to contact the owner directly or ignores this.
The owner's insurance company and do not need to attend.
So you have a legitimate interest in ensuring the continent, have reason to repair the damage done to the premises, you need it in top condition for use. In this case your insurable interest you are paying money for their use and result affected if you can not enjoy and you have to move you, even for a short time.
A common way to ensure tenant continent being known as a first loss. Pactas with the insurance company a certain economic value, that has nothing to do with the total value of the property, and hold up to such amount as to make the necessary repairs or compensation. Besides this way you eliminate underinsurance (capital you hire is always much less than the actual value of the property across the continent) and in case of accident the insurance company will pay you a maximum of that amount and you can not apply the proportional rule.
The idea is to have a capital to cope with minor repairs to the property that do not allow you to enjoy normally the same, and incidentally cover those damages to the continent you causes and are excluded from our warranty liability as tenants . Obviously if they have not produced accidentally and did that on purpose, you will be playing it pay.
It is important to note that if you have made alterations or improvements to the property, incorporating new elements of your property or making improvements to existing, you must reflect separately on your policy. You should never include this amount in the total value of the continent, or else if there is financial compensation for a loss, this will go to the hands of the owner, when such improvements have really gone out of your pocket.
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