What is Renters Insurance?
RENTERS INSURANCE is a policy designed to meet the special needs of those who rent a home or an apartment. It covers your possessions against losses from things like fire or smoke, lightning, vandalism, theft, explosion, windstorm, and water damage from plumbing. The good news for you is that, because you do not own the building you are renting, it only covers your possessions in the space that you rent, keeping costs low.
However, RENTERS INSURANCE does not cover floods, earthquakes or routine wear and tear. You can, however, buy a separate policy for flood and coverage for earthquake damage can be added to your policy for a slight additional premium.
If you are forced out of your home because of a covered disaster, your additional living expenses will be covered. RENTERS INSURANCE pays the reasonable additional costs of temporarily living away from your home if you can't live in it due to a fire, severe storm or other insured disaster. It covers hotel bills, temporary rentals, restaurant meals and other living expenses incurred while your home is being rebuilt. Coverage for additional living expenses differs from company to company.
RENTERS INSURANCE also covers your responsibility to other people injured at your home or elsewhere by you, a family member or your pet and pays legal defense costs if you are taken to court.
Decide How Much Insurance You Need.
Add up the cost of everything that would need to be replaced if it were damaged or stolen. This could also serve as the basis for an inventory that will make filing a claim easier. For an inventory, also record model numbers, dates and places of purchase. Take photographs or make a video of these items and place a copy of the inventory in safe place away form your home.
If you rent an apartment or house you need insurance to protect your belongings. While your landlord might have insurance, it only protects the building. Your belongings are not covered under those policies.
Be sure to ask us about other important parts of your insurance program, including Personal Auto; Home Insurance; Umbrella Liability; Health; Life or insurance for your Business.
Getting a QUOTE for RENTERS INSURANCE is quick and easy!
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