The Purpose of Renter's Insurance Kenya
If you rent a property - a house, a condo or an apartment in Kenya - the tenant's insurance policy is designed to cover your needs. This policy will include:
Medical Payments
Coverage of medical payments as a "bona fide" payment system if someone gets hurt on your
property
Liability Coverage
Liability coverage to cover your legal defence and any possible judgment against you if you cause injury to someone or damage their property.
Personal Property
Coverage of personal property for your belongings - at a stated amount.
Loss of Use
Protection against loss of use to cover all or part of the relocation expenses in case of loss and if your rental property is uninhabitable during a given period
Many people think that they can get away without buying the tenant's insurance, but the risk of losing everything you own if your home is destroyed, or as part of a lawsuit.
Talk to Next Insurance professional about your home insurance kenya needs when you buy your investment property or if you own a property, you later decide to rent to someone else. This is especially important if you lived in the house and decided to move out and rent it. Failure to inform your insurance company of major changes in ownership and use of the property could cause problems in the event of a disaster.
