A landlord, is the owner of a house, apartment, condominium, or real estate which is rented or leased to an individual or business, who is called the tenant.

The landlord has the responsibility of insuring the building in question. The landlord also has a duty of care to keep the premises safe and can be held accountable once advised of an existing hazard.

The landlord is likely to have a lease agreement with the tenant. This agreement should be carefully reviewed to determine what responsibility the tenant has in regards to damage to the building.

Sometimes a landlord will want to waive subrogation or be held harmless in any claims. This needs to be reviewed by the insurance company and agreed upon or you could find yourself between a rock and a hard place in an insurance claim.

Another area to consider in a lease is the responsibility for necessary repair after a break-in or the repair of storefront glass.

The insurance answer is for you to provide a copy of your lease agreement to your agent or broker. The broker then sends a copy to the insurance company who is looking after your policy as the tenant.

If you are the landlord of the building then the same is true, a review of your lease agreement could help prevent problems in the future. Not all insurance policies are alike.