Why Do You Need Renters Insurance?
While the landlord may have coverage on the structure of the building your personal belongings are not covered unless you have a renter’s insurance policy. Renter’s insurance not only protects your belongings but also offers protection to you if someone is injured at your rental property.
What Does Renter Insurance Cover?
- Personal Belongings (Contents)- Protects you against damage or theft. Some of the items include Clothing, Appliances, Electronics, Furniture, Entertainment Systems, Dishes
- Loss Of Use- Renters insurance can provide living expenses if your rental is damaged and you need to find temporary housing.
- Medical Payments- Covers medical bills for person(s) injured on your rented property
- Liability- Protects you against the financial loss for the bodily injury or property damage of others.
Important Information
- Your deductible is the amount you agree to pay before you insurance policy pays. The deductible only applies to personal property claims and not to liability claims.