Renter’s Insurance Coverage
Many renters believe the misconception that renter’s insurance is just for their ‘stuff’. In turn, many renters fail to secure coverage because they think that they don’t have a lot of belongings, or they think that their possessions are not worth insuring. What many don’t realize is that renter’s insurance can cover belongings and finances. For a small monthly premium, your renter’s insurance can protect the things you’ve worked so hard for.
Personal Property Coverage
Also known as your ‘stuff’. Take a look around your rental place. Look at all of your items. The value of your belongings can quickly add up. Personal property coverage helps to cover the cost of replacing your stuff if it’s unexpectedly damaged or ruined in a covered peril. If you have items of value, you may need to protect them under a rider, especially if they exceed the limits of your renter’s insurance coverage.
Liability coverage is another protection typically offered in a renter’s insurance policy. This may help protect you from paying out of pocket for certain costs if you are found legally responsible for injuries to other people or damage to their property. Even though you only invite friends and family over to your place, accidents happen. If someone trips and falls, you could be held liable for their medical costs. What’s more, if things turn sour, they could sue you for negligence to tend to your property.
Additional Living Expenses
If you’re renting a house or apartment, you typically have a place to call home until your lease expires. If your rented home were to be damaged by a fire, for example, you may be forced to find temporary housing until your rental property is repaired. For this, renter’s insurance can help to cover the costs of living away from home, such as hotel room bills and restaurant charges.
Are you ready to find the right renter’s insurance for your needs? Contact Chambers & Company Insurance Brokers and our specialists can ensure you secure and understand reliable coverage.