Building Property of Others Coverage in Illinois

The recent snow and quick warm up caused many roof issues in the area. The resulting water seepage caused interior damage to walls, ceilings and equipment. Whether you are a landlord or a tenant it is important to understand your lease and who the responsible party would be for repairs. More and more leases are contractually obligating the tenant to Maintenance, Repair and Replace building property owned by the landlord.

Here's an old video on this issue and it is important to make sure your insurance policy (or your tenants insurance policy) has the proper coverage.