Apartment damaged by tenants- will insurance pay?

[Jan Gudell]

Deadbeat tenants left an apartment with several thousand dollars in damage and stole some items. Gouged, badly worn hardwood floors, missing and damaged window treatments, window screens, light fixtures, holes in walls, screen door, pet odor, waste etc. An attorney advised there is little chance of recouping damages from them. Is an insurance claim likely to yield any funding for repairs and replacement?

[John Underwood]

So how much is your deductible, how much would it cost a handyman to come in and fix the damage?

How often are you doing inspections?

I don't like making claims for small stuff because I want to keep my insurance premiums across multiple properties low and just use this for a catastrophic event.

If it were me I would use any of their deposit and pay the difference out of pocket and write this off to the cost of doing business.