Whether it was intentional or not, tenants can damage your rental unit and leave you with the aftermath. There are steps you can take to get compensation for the damages and get your property back up and running in Selden, NY.
Document the damage. This is the first thing you should do. You should also have pictures from before the tenant moved in and now you want to have video or photos of the damage. You also want to have any communication documented with the tenant over the damage so have these conversations in written letters or over email.
Get estimates for repairs. This will allow you to think clearly about the work you need to do in order to get your property ready to rent out to the next tenants.
Deduct from the security deposit. If the repairs are minor then you may just be able to deduct the cost from the security deposit. Be sure to follow the procedures in the state of New York so that any money you take won’t be called into question later.
File a claim with the insurance company. If the repairs are going to cost more than the amount in the security deposit then you do have the option to file the claim. Speak with an agent at XL Brokerage Inc. to see what is possibly covered under your policy and the damage you have to fix.
You may have to go to court. Even if you file a claim in Selden, NY, if the damage is so severe then this may be your only option. If you do go this route, you will need to have the evidence to back up your claims and it helps to know that litigation can be costly.
Contact XL Brokerage Inc. to get a quote on landlord insurance.