Apartment Complex Owners Liability Insurance Limits

St. Paul mayor, city council members clashing over Penfield project

St. Paul Mayor Chris Coleman's office and several members of the city council appear poised for a rare public showdown over the Penfield, a controversial 253-unit, $62 million luxury apartment complex proposed on the site of the former downtown public safety building.

The project, which would be situated one block from a future Central Corridor light-rail station at 10th and Cedar streets, would include a 28,000-square-foot Lunds grocery store.

Working with the city's Department of Planning and Economic Development, the Housing and Redevelopment Authority plans to act as developer and owner for the six-story Penfield, leasing spaces from $1,055 for a studio apartment to $1,890 for a three-bedroom unit. A private company, Village Green, would manage the site, a full-block development bounded by 10th, 11th, Minnesota and Robert streets.

The proposal is not without its critics. Council President Kathy Lantry has said that as much as she supports the idea of a supermarket downtown, she's uncomfortable with using public funds to build luxury housing and with the prospect of the city exposing itself to the financial risks.

The council had been scheduled to vote Wednesday evening on whether to give the long-stalled city project an "internal loan" of $2.37 million to get things moving by June 2012, the anticipated date for receiving final approval for federal mortgage insurance. Construction could start soon after.

During the council meeting, Pat Harris pulled the internal loan item off the agenda in light of likely opposition from at least three council members. He is expected to propose a different funding source during an HRA meeting today.

Penfield proponents say a thumbs-up from the U.S. Department of Housing and Urban Development would be the ultimate blessing, and cover the mortgage in the event the Penfield doesn't generate enough cash to pay for itself.

Does renters insurance cover theft of vehicles? - Insurance ...

Does renters insurance cover theft of vehicles? My mother has me on her insurance policy through State Farm, for both auto and rental insurance. My car was broken into in April of 2010 and I was enlightened to hear that i was covered by my mother's insurance. My girlfriend and I had renters insurance through the end of July and we did not renew our rental insurance because myself and my girlfriend whom I live with are both covered by my mother home insurance policy. Fast forward to this past Friday, my girlfriends car was stolen out of our apartment complex. We live in the first building in a "gated community", the gate has been wide open for weeks now and the apartment complex has had continued maintenance on the gate through our 14 months at this property. We understand our apartment complex is not liable for the theft, but would my mothers insurance cover the loss of a vehicle due to theft at our apartment complex? My girlfriend and I do live in the same unit. Thank you for your time and help. No. It actually specifically excludes coverage for any vehicle "registerable for road use". That means, if you CAN register it, it's flat out not covered.

If you want coverage on the car itself, you have to buy "comprehensive" insurance on the car insurance policy that has the car listed.

Right - renters insurance covers your CONTENTS that are stolen, even if they're in your car. They cover the contents of any resident RELATIVE, which means, your girlfriend isn't related to mom, so GIRLFRIEND'S stuff isn't covered - only yours. You must be in college if the homeowners covers your personal assets. A car must be insured on an auto policy.

Liability

Criticizes the current liability laws, discusses the effects on insurance coverage and safety, and suggests a more reasonable approach

Insurance for Dummies

Explains how to buy and save on every kind of insurance, including life, health, auto and home insurance, and offers tips on how to get the best coverage for ...

The new life insurance investment advisor

"For anyone who needs to understand different types of life insurance, as well as considerations forpurchasing and managing policies, this book should be on ...

The Complete Book of Insurance, Understand the Coverage You Really Need

Let The Complete Book of Insurance guide you through all of your major insurance needs.

Insurance, principles and practices

Chapter I THE USES OF INSURANCE Insurance as a factor in business. — The value of insurance is usually much underestimated. This is partly the result of ...