What’s owner liability insurance?

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Owner’s liability insurance ensures that if a lawsuit is brought against the policyholder for negligence in the maintenance of his property, the insurance company will bear all the costs of the litigation. While owner’s liability insurance doesn’t cover every possible lawsuit brought against an owner, it does cover rightful malpractice actions on the part of the owner. These cases typically involve bodily injury to the tenant and can be particularly costly due to the various types of damages that can be awarded. Owner’s liability insurance usually covers these costs as well as attorney’s fees.

For a landlord to be liable for a tenant’s injuries, they must have been negligent in maintaining the property. In determining negligence on the landlord’s part, the tenant must prove several things. First, he’ll need to prove that the owner is responsible for the faulty condition of the cause of the injury, most often because he failed to fix something that should have been fixed. The tenant will also need to demonstrate that the landlord should have been aware of the dangerous condition and it was reasonably foreseeable that the existence of him could have caused injury. Furthermore, it must be demonstrated that, had it not been for the alleged negligence or inaction of the landlord, the tenant would not have been harmed.

For example, if a tenant is walking down the porch stairs, the railing breaks and the tenant is injured, the landlord may be liable for the tenant’s injuries. For the landlord to be held liable, the old and rotten railing must have been something the landlord was responsible for repairing – and in the absence of any contradiction in the lease, this is typically the type of maintenance the landlord is responsible for . It also had to be apparent, through normal inspection or through actual knowledge, that the railing was damaged and that there was a reasonable chance that its condition would lead to injury. Finally, the question must be asked whether the tenant would have been injured if the railing had been repaired.

If the answer to all of these questions is “yes”, the landlord will generally be liable for the tenant’s damage due to negligence. Typically landlord liability insurance will cover not only the tenant’s medical bills, loss of wages, pain and suffering, as well as any other damages recognized in this scenario, but will also cover that of any guests of the tenant during the lease. Also, an owner liability insurance policy typically covers the ownership of any party as long as the damage resulted from the owner’s negligence.

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