South Nyack Fire Destroys Home. Get homeowners insurance quotes here.
South Nyack Fires
Potential Insurance Concerns Arise
Blazing flames rushed a South Nyack residence last Thursday. When the multi-family home on Brookside Avenue caught fire, one tenant escaped through flames. After a neighbor assisted, they met Orangetown Police, Nyack and Piermont Fire Fighters.
The Rockland Journal News article indicates the resident lacked Renter's Insurance. How much to repurchase furniture, clothing, mattresses and electronics? The Landlord's insurance only covers the house's structure and the owner's appliances. Therefore both parties in a landlord/tenant relationship should carry appropriate insurance.
Liability hits next. Investigations indicate teenagers may be responsible. If this holds true, the teen's parents ought to review their Homeowners Insurance. Parents have liability for children. I advise clients with adolescents, even if they're god's little angels, to carry umbrella insurance. Umbrella insurance, excess liability above homeowners insurance, protects all assets from bombshell law suits.
Purchasing a home can be overwhelming. But don't brush aside proper insurance.
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Michael Truiano
Licensed Real Estate Salesperson
Licensed Insurance Agent
845-480-2366ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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