When renting, the owner of the building is responsible for insuring the dwelling itself, but bears no responsibility for the tenant’s belongings. We want to make sure that, if you are renting, you have the coverage you need in case of losses.
You don’t want to get caught in a situation where your losses are not covered. When renting, it’s up to you to protect your possessions. Even if you don’t own much, losses can quickly add up to more than you realize – and more than you would want to pay to replace it all. Renters’ insurance covers against damage or loss from burglaries, along with damage or loss from named perils such as fire, explosion, windstorms, some types of water damage, and vandalism. Renters’ insurance even covers your belongings if they are outside of your home! Your possessions are covered from loss anywhere in the world.
Another important element to renters’ insurance is coverage for living expenses if the property you rent becomes uninhabitable after one of the events covered in the policy and you require other temporary accommodation. This type of coverage makes sure that even when the unexpected happens, you still have a place to call home.
Standard policies also include liability coverage, which would pay out if somebody is injured while visiting your apartment.
A growing number of landlords require that tenants have renters’ insurance in order to protect their property if a tenant were to somehow damage the rental property itself. In this case, the landlord or other tenants can recover against your insurance rather than taking legal action for losses.
Our agents would be happy to talk to you about your specific renters’ insurance needs.
Call 731-285-5969 today for your FREE quote, and to discuss your renters’ insurance options.