Renter's Insurance
When you rent or lease, your landlord’s insurance usually only protects the building itself, not your personal belongings. Renter’s insurance is the only way to protect your valuables, and it’s much more cost-effective than you’d think.
What Your Renter’s Policy Can Do
There are two parts to renter’s insurance. The first is property coverage for damage or loss from certain unexpected events. Be sure to check your insurance coverage details. There will usually be both an overall limit on the payout and a maximum amount for any one renter’s insurance claim.
Another way some renter’s policies protect you is through liability coverage. For instance, if you accidentally damage the rental property itself or if somebody is injured while visiting you at your apartment, your insurance would cover it.
You may also get a payment for living expenses if the rental property is uninhabitable after one of the events the renter’s insurance policy covers, such as fire or theft. This safety net can help you recover from such a loss that you would otherwise have to pay for out of pocket.
There are a few things that are not included. For example, if you park a vehicle on the rental property itself, your car usually won’t be covered by renters’ insurance.
We can walk you through all the options to ensure you have the insurance coverage and protection you need.
