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Hi! I am samira I am planning to buy TOYOTA COROLLA ALTIS but I am confused with HONDA CIVIC . I seek your guidance / views which car is better performer fuelwise and keeping in view of Indian roads. Thanks SAMIRA
By Samira Panna 11 November 2010
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expert
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Hi,
Though performance of both are good, toselect one,Altis would be better for its larger interiors, onroad image and performance. Civic would be better choice for power,performance.

Answer by Shiva Shankar 11 November 2010

You definitely need to noitfy your insurance company. The property will no longer be owner occupied they can deny a claim. You will need to get a DP3/landlord policy. Your rates WILL NOT go down because the risk is higher. No one will take care of you home the way you do. Tenants increase the risk.Also, you would Never be liable for the personal property of a tenant (except if you were completely negligent). However, as a landlord I would require your tenants to carry a renters policy simply for the Liability portion of the policy. Liability is the coverage that protects you from you tenants or your negligence. Like, if you were at your property one day to do some yard work left the hose out on the sidewalk the postman trips over it. He would probably sue you. Liability covers that. I would suggest no less than $300,000 per occurance. It's usually pretty inexpensive (around $40.00 a year) to bump it up from $100,000.00 to $300,000.00.FYI: The insurance company probably would not deny the claim but after the claim was closed they would most definitely set you up for non-renewal. That looks very bad when shopping for a new company. One of the questions will be: Have you ever been non-renewed why?Hope this helps

Answer by Iwan 11 November 2012
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