Non-occupying Homeowners insurance in Spring TX

He insurance contract for Non-Occupant Owner (PNO) covers different risks depending on whether the housing, rented or uninhabited, is in co-ownership or not.
In addition to civil liability, it may also include several guarantees to protect the Homeowners insurance in Spring TX from damage to housing, the risk of unpaid rents, loss of income, damage to furniture or legal fees.

Compulsory insurance for the non-occupying co-owner

The law n ° 2014-366 of March 24th, 2014 for the access to the housing and a renewed urbanism (Law ALUR) established the obligation for the owners of condominiums, occupants or not occupants, to insure against the risks of civil liability.

This law added the article 9.1 to the law n ° 65-557 of July 10th, 1965 fixing the statute of the co-ownership of the built buildings:

“Each co-owner is required to insure himself against the risks of civil liability which he must answer in his capacity as co-owner occupant or non-occupying co-owner.”

This insurance obligation is independent of the tenant’s insurance obligation and the insurance obligation of the syndicate of co-owners. It therefore concerns all owners offering their apartment for rent or occupation free of charge, as well as owners of empty housing.

It protects third parties (trustee, neighbor, tenant, roommate, other third party) from any prejudice caused by:

A construction defect in the interior design of the dwelling;
Lack of maintenance of electrical installations, heating or plumbing, etc. ;
Possible disturbances of enjoyment (for the tenant or roommate).
Of course, this insurance can be supplemented by guarantees covering the traditional risks of non-occupying homeowners (see below).

Optional but recommended insurance for the non-occupying Homeowners insurance in Spring TX.
Even if the law does not oblige the non-occupying owner of a single rented dwelling, occupied for free or uninhabited, it is strongly recommended to take out Homeowners insurance in Spring TX for non-occupying homeowners (PNO).

Liability of the non-occupying owner

Like the compulsory insurance of the co-owner, there are always risks related to civil liability when you own a building. Damage to third parties, including the tenant, may for example be caused by:

A construction defect;

 

Lack of maintenance of electrical installations, heating or plumbing;
Damage to the construction following a storm, heavy rain and other climatic hazards;
Etc.
These risks are not always predictable and it can be difficult, during a disaster, to bear the cost of third party compensation in addition to the cost of repairing the building.
Note that Article 1721 of the Civil Code requires the lessor to “compensate the lessee for all defects or defects of the rented object that prevent the use, even if the landlord did not know them during the lease “.

The PNO insurance therefore generally includes the traditional guarantees “recourse of tenants”, “recourse of neighbors and third parties” and “troubles of enjoyment of the tenant and roommate”.

Multi risk house

 

In addition to guaranteeing civil liability, the non-occupying homeowner’s insurance acts as a traditional multi-risk home insurance, covering all the damage to Spring Tx property insurance not covered by the tenant’s insurance, or if the dwelling is uninhabited. These attacks can be caused by various events: fire, water damage, theft, ice breakage, natural disasters, etc.

Namely: the amount of the contribution of a homeowner’s insurance policy is lower because the risk coverage is either shared with the tenant or lower due to indwelling.

Other guarantees offered to non-occupying homeowners
The PNO insurance may include guarantees covering other more or less frequent risks:

The Guarantee of unpaid rent (GLI);
Loss of income due to vacancy;
Legal protection;
Rental civil liability for the tenant (if he has not subscribed and as permitted under certain conditions the ALUR law since 2014);
Damage to furniture in the case of a furnished or seasonal rental.

Comparative Homeowners Insurance Quote for Non-Occupant Owner

What homeowner insurance?

Insurance guarantees for homeowners are very often grouped together in a single contract called “multi-risk home “.
It is important to declare precisely the situation (owner occupant or non-occupant) and that of his property (inhabited, rented, uninhabited, primary or secondary residence) to the insurer so that he can perfectly adapt his contract.

 

A legal obligation of insurance for the co-owners

 

The owner of a condominium unit has a legal obligation to insure his civil liability against the risks he must meet. This insurance obligation was introduced in 2014 by the law for access to housing and renovated urban planning (ALUR law), which added Article 9.1 to the 1965 law on the status of co-ownership of buildings:

“Each co-owner is required to insure himself against the risks of civil liability which he must answer in his capacity as co-owner occupant or non-occupying co-owner.”

This insurance obligation concerns co-owners occupying their dwelling and non-occupying co-owners (rented or unoccupied housing).

Highly recommended insurance for single-family homeowners

The owner of a dwelling only has no legal obligation to take out insurance covering his civil liability. Nevertheless, as the owner of a property, he must legally answer for the damage caused by this property, as indicated in the Civil Code in its article 1242:

“One is responsible not only for the harm done by one’s own doing, but also for the damage caused by the people one has to answer, or the things one has in one’s custody. ”

In addition, the costs of a civil liability claim can be very significant. Examples of situations involving civil liability:

A water leak in an apartment causes significant damage to the apartment below.
An unsecured tile falls from the roof over a passer-by.
A fire starts in the housing and spreads to neighboring homes.
Etc.
It is therefore strongly recommended to take out an insurance policy covering the various risks related to the civil liability, and including the guarantee “Recourse of neighbors and third parties”. This guarantee is normally found in home multi-risk insurance contracts.

This liability insurance is for both homeowners and non-homeowners. In fact, a renter’s home insurance does not cover damage that does not involve the lessee’s fault Part of the risks of maintaining the home must be borne by the owner.

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