This link provides details about a water pipe bursting in a Boston apartment building earlier this week. The damage was extensive and the residents were terribly inconvenienced. Make sure you are aware of what to do it you find yourself in a similar situation.
With losses such as this, it is crucial for people to purchase renters’ insurance, for both the tenant, as well as the building owner. Could a tenant bring a lawsuit claiming the faulty piping in the building caused the loss of their personal property? Whether the suit is valid or not, it will mean time, as well as lawyer costs for the building owner. Making sure your tenants have their renters policy can help avoid that. If this were a condo association, would you as unit owner be properly covered? Make sure you are familiar with your bylaws to know the coverage you need to purchase yourself.
– Brendon Kilcoyne
H&K Insurance Agency Inc. has served as an independent insurance agency since 1961. We have had the privilege to provide personal and business insurance protection to over 10,000 clients. Our staff is instructed to be your representative in the puzzling and often overwhelming realm of insurance. Our goal is to provide excellent service with professionalism, courtesy, and dedication.