For most tenants, renters insurance is a formality in a lease agreement. However, other than being one more expense in the quest of getting an apartment of choice, renter insurance coverage plays a significant role in protecting the tenant, their assets, as well as third parties such as visitors. In Milwaukee, WI, Dern & Company offers guidance to renters with information in regards to liability insurance.

Firstly, it should be taken into account that most landlords take up landlord’s insurance coverage that indemnifies them from any losses that may land them in court. Secondly, renters are accountable for liabilities that occur within their homes. Subsequently, the issues presented should always be considered when purchasing renter’s insurance.

Always take into account Personal Liability Coverage

According to most renters lease agreements, unless negligence is proven, a landlord is usually never responsible for any loss from theft of a tenant’s personal property. With this taken into consideration, all losses are to be covered by the renter. For example, in a case where a tenant’s house is broken into as he or she losses a variety of belongings that include building appliances without any fault from the landlord, he or she is expected to pay the compensation. If the tenant has a renters insurance policy, the agency will offset all losses on his or her behalf.  

Renter’s insurance policies cover Third-Party Property liability

There are instances where a tenant accidentally damages property belonging to another landlord. In such a case, renters insurance covers all costs and protects both the parties involved. Additionally, landlord insurance policies are known to protect property owners from third-party damages; for instance, if the tenant is found legally responsible for a visitor’s injury in the home. However, if the tenant has renters insurance, all liabilities are transferred to the insurance agency.

For more information on renters insurance, please contact the agents of Dern & Company in Milwaukee, WI. We can help you get the answers you need and the insurance you want.

Dern & Company knows your boat provides the key to exploration and you’ll probably want to take it much further than the waters local to Milwaukee, WI.

Navigable Waters Covered

Your policy states which navigable waters it covers, called the navigational warranty. Policies differ so some cover the neighboring countries of Canada and Mexico, while others do not.

Also, most policies offer damage coverage, but not liability outside of US waters. That means you need other liability insurance. For example, Mexico requires boaters in its waters to carry Mexican liability insurance.

Obtaining Foreign Insurance

You can’t wait until arriving in Canada or Mexico to obtain insurance. Dern & Company can help you get an appropriate policy written by a company in the country you want to visit.

Travel to Other Countries

Boating to a foreign local provides an adventure. You explore waters new to you, but it’s important to familiarize yourself with that country’s laws. Those still apply even if you’re floating in their inland waters.

You’ll also need to plan for your arrival. Research which ports have a customs house. Navigate directly to this port with appropriate documentation when entering that country. Each country requires different entry requirements, but at a minimum, you’ll need your passport, license, registration, proof of insurance, and vaccination records. Some countries require a visa.

Remember to fly your country of origin’s flag. For vessels, except sailboats, fly it off the stern. For a sailboat, fly it off the leech of the after-sail.

Contact Dern & Company when you decide to explore beyond the local waters of Milwaukee, WI. We’ll help you insure your boat to ensure you have a relaxing trip.