Rental Home Insurance

[rihornos]

The landlord wants me to pay his insurance for his apartment

First time I see something like that. This is always always on the landlord no excuses at all

 

[LuckyLuke]

Only in Argentina would a landlord ask a tenant to pay the insurance cost for the owners house. Years ago we had that same request in the argentina realtor provided contract. A line item stating for us to search the insurance policy and pay. It was a ridiculous request that we ignored for 4 years, including contract renewals. even though we were reminded every so often. I assumed it could not be enforced. Why would a landlord risk their property with the complications of a policy that is not in their name?

In US we landlords pay the insurance on our long term and short term rental properties, and simply have that as one of the many costs that are used to decide the lease price. Then I also remind the tenants that if they want their personal property to be insured they should get their own cheap insurance as a renter.

Only in Argentina will the owner require the tenant to pay for a fire policy and simultaneously provide no smoke detectors or fire extinguishers on site. I can't imagine how any insurer would honor a fire damage claim without such basic prevention measures in place, but here we are...

 

[tor]

Hi! Hijacking to ask if anyone knows that FOR SURE that sq meters not declared in the municipal planos of property are covered by seguro de hogar (for example, a PH that has a quincho built later on the terraza). If I pay for insurance that includes the total sq meters of the quincho, does that *REALLY* cover the quincho?
When asking this question to the asesores for cotización they just keep repeating that it's the declared square meters that are covered but they won't explicitly acknowledge the municipal planos discrepancy. I'm skeptical enough of the concept of insurance in general + Argentina fine print that I'm worried down the line if I ever had to make a claim for the quincho, they would deny it based on the lack of regularización.

 

[LuckyLuke]

A sizeable portion of homeowners don't have any planos at all registered at the Municipality. I don't see what one has to do with the other. It's up to you to provide the insurance company with exactly what you want covered and for them to write a policy. You can even provide a layout and they can attach it as addendum if you want.

 

[tor]

A sizeable portion of homeowners don't have any planos at all registered at the Municipality. I don't see what one has to do with the other. It's up to you to provide the insurance company with exactly what you want covered and for them to write a policy. You can even provide a layout and they can attach it as addendum if you want.

A very sizeable portion of homeowners don't pay for insurance either! Thank you, just hoping for some anecdotes about the claims process and if regularization is a factor.

 

[LuckyLuke]

A very sizeable portion of homeowners don't pay for insurance either! Thank you, just hoping for some anecdotes about the claims process and if regularization is a factor.

I own 2 properties down here and I don't have insurance on either. I did have insurance on my home in Texas. In my opinion American homes are disasters waiting to happen. Wooden structures full of drywall mean that water, fire and termites can cause a lot of damage very rapidly. I have not found that to be the case down here in Patagonia. Tile floors don't warp from water, cement walls don't burn from electrical shorts, termites aren't prevalent where I am, and the homes hold up quite well against wind/hail damage.

Cement is pretty cheap and labor costs are reasonable. I haven't run into any damage that ever exceeded $500 - $1,000. The only insurance that I think would have value is perhaps a fire policy, but I'm quite suspicious of how to prove to the insurance company that it wasn't "neglect".

The first thing I would ask is the documentation requirements for each claim type and the exemptions. Some policies might require that all water piping be Termofusion, that all gas heaters be tiro-balanceado, that all A/C's have individual circuit breakers, that all oven range burners have individual Thermocouples, that there are receipts showing the heaters serviced annually, that the electrical circuits have grounding. Much of which would only be found in new construction.

In addition, they may have exemptions against water heated floors, in ground pools a certain distance from the foundation, etc. etc.