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Have a friend involved in an Apartment fire, along with 17 other units. Cause of fire has not yet been determined, but pretty certain it is tenant negligence. No one in the building had renters insurance.
Hypothetical questions I'm curious about if negligent tenant had renters insurance:
If a tenant's negligence caused the fire and the destruction of everyone's pp, could the other tenants file a claim under the liability portion of the renters policy or sue?
Does the Apt. Community's property loss take priority in this situation and renter's insurance would pay out to the complex first, then if anything is left, to the other tenants? Or would it be first come first serve? Or would the insurance pay out in proportion of the loss?
I'm just curious as I don't have any experience with any losses. I'm putting together a presentation on Why tenants can't afford to not have renters insurance. These are two questions/situations that could be asked about and I'd like to have a decent idea as to the possible outcomes. Thank you in advance.
Also, if you have any pointers on the presentation, or have done something like this yourself, let me know. Did you have good results? I want to make tenants aware of thier need, hopefully get some renters policies, and ultimately get their auto.
Hypothetical questions I'm curious about if negligent tenant had renters insurance:
If a tenant's negligence caused the fire and the destruction of everyone's pp, could the other tenants file a claim under the liability portion of the renters policy or sue?
Does the Apt. Community's property loss take priority in this situation and renter's insurance would pay out to the complex first, then if anything is left, to the other tenants? Or would it be first come first serve? Or would the insurance pay out in proportion of the loss?
I'm just curious as I don't have any experience with any losses. I'm putting together a presentation on Why tenants can't afford to not have renters insurance. These are two questions/situations that could be asked about and I'd like to have a decent idea as to the possible outcomes. Thank you in advance.
Also, if you have any pointers on the presentation, or have done something like this yourself, let me know. Did you have good results? I want to make tenants aware of thier need, hopefully get some renters policies, and ultimately get their auto.