Nuts & Bolts:
Lexington Insurance is offering a new market for renters sold directly through insurance agents. The benefits to be paid, subject to the policy’s express provisions and to the extent of the $100,000 policy limits, are in the following priorities. In the event of a covered loss the $100,000 policy limits, per occasion, shall benefit and/or be paid as follows: First, to the owner to the extent of the owner’s loss; Second, to the adjacent (non-negligent) resident(s) to the extent of such residents’ personal property loss; plus $1,000 for additional living expenses; Third, to the negligent (damage-causing) resident not to exceed $5,000, to the extent of such resident’s personal property loss; plus $1,000 for additional living expenses. Renters legal liability insurance generally covers damages caused by renters’ negligence in five categories: Fire, smoke, explosion, accidental water discharge, sewer backup.
Yearly deposit is $1,000, deductible is $1,000 and the policy limit is $100,000.
Policies are underwritten by Lexington Insurance, a member of AIG, rated “A+” XV.
Available in all 50 states.
(800) 770-9660 or www.rllinsure.com.
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