Blog Post - Renters Insurance

Whether you’re moving up into your own apartment or downsizing from a home, renters insurance provides financial protection against loss or destruction of your possessions with you’re renting.

Renters insurance provides financial protection against the loss or destruction of your possessions when you rent a house or apartment. While your landlord may be sympathetic to a burglary or a fire cause by your iron, destruction to your household goods is not usually covered by your landlord’s insurance. Since renter’s insurance covers only the value of your belongings and not the physical building, the premium is reasonably inexpensive.

By purchasing renters insurance, your possessions are covered against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm and water damage (not including floods). Like homeowner’s insurance, 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.

Renters insurance covers your additional living expenses if you are unable to live in your apartment because of a fire or other covered peril. Most policies will reimburse you the difference between your additional living expenses and your normal living expenses but still may set limits as to the amount they will pay.

If you find yourself in trouble, let us handle it… give us a call 330-315-3081