Renters insurance is a MUST for anyone who rents.
Renters insurance protects your personal property and can help protect you in case of a lawsuit against you. Plus, renters policies tend to be very affordable!
Your landlord’s insurance policy will most likely not provide you with coverage for your personal property in the case of a fire, theft, or storm damage.
Replacing personal property can add up fast. Plus, renters insurance gives you coverage for theft prone items like bikes, laptops, and other portable electronics outside of the home.
What a renters policy covers:
Even if you don’t think your stuff is worth much, replacing all of your personal belongings can add up fast. The Insurance Information Institute has free tools to help you take inventory of your belongings. There are even free apps you can download: www.knowyourstuff.org. We always recommend “Replacement Cost” policies, which provide you with full replacement cost of your personal property and does not deduct for deprecation. Note: Some personal property may need to be scheduled in order to be properly covered.
- Scheduled Personal Property: Some valuable items that are out of the ordinary need to carry separate coverage to ensure that their full value is covered in the event of a claim. Each item that the insured wishes to schedule needs to be added separately to the insurance policy and generally an additional premium is charged. Some of the items that an insured should schedule are jewelry, art, musical instruments, furs, coin collections, guns, and other costly items that are out of the ordinary.
Most renters policies will cover your personal property against items such as:
- Fire or lightning
- Wind or hail storms
- Accidental discharge of water
- Riot or Civil Commotion
- Volcanic Eruption
- Falling Object
- Weight of Ice, Snow, or Sleet
- and more…
Liability Coverage- It’s a must have coverage
What if you are sued? A renters policy could help you if you’re sued for injuries or damage to another person or their property. If someone is injured, during an accident in your home or on your property, renters insurance can help protect you in the case a lawsuit. Remember…you can be sued at any time, for almost anything, even if you have done nothing wrong. Without liability coverage, you may be stuck defending yourself and incurring the cost of the lawsuit, regardless of fault.
Most renter’s policies provide basic, no-fault, medical coverage as part of the liability protection provided by your renters policy. This coverage is only for injuries sustained by others and is not a substitute for your own personal health policy.
Additional Living Expenses
If the place you are renting becomes uninhabitable due to a covered loss, Additional Living Expenses can provide you with funds for a hotel or other temporary living cost like; restaurant meals, additional travel expenses and other cost you incur while your home is being repaired or rebuilt.
How to Save on Renters Insurance
- Have a security system
- Use smoke detectors
- Use deadbolt locks
- Have good credit
- Are over 55 years old and retired
Contact Us today for a free policy review and insurance quote. We currently service the states of Missouri, Illinois, Florida. Call us at (888) 539-7520 or feel free to email or fax us your current policies for a comprehensive review and comparison. Fax: (636-352-2878) Email: email@example.com