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Address: 389 Niles Cortland Rd. NE, Warren, OH 44484
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Phone: (330) 856-6244
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Email: info@plattinsurance.com
The Basics of Renters Insurance
Many renters are under the impression that their landlord’s insurance policy will cover their belongings, unfortunately that’s usually not the case. Your landlord’s insurance policy covers the building itself, but it typically does not cover your personal belongings or injuries that happen within your unit. That’s when renters insurance comes into play.
Renters, or tenant, insurance protects your belongings in a rented apartment, condo, or house from the unexpected. Because of this, there are several reasons why you may want to consider purchasing renters insurance…
Protection of personal property
Renters insurance can offer protection for your personal property such as furniture, electronics, and clothing in the event of theft, fire, or damage by other perils covered by your policy.
Liability coverage
If you are found responsible for causing bodily injury or property damage to others, renters insurance can provide liability coverage in the event that you are sued.
Additional living expenses
If your rental property becomes uninhabitable as a result of a risk that is covered by your renter’s insurance policy and you are forced to move out of your home, you may be reimbursed for additional living expenses like the cost of a hotel, meals, and laundry.
It is affordable!
Renters insurance is usually very affordable. With premiums starting at just a few dollars per month, renters insurance is a very accessible and popular choice for many renters.
It is required
The last reason to get renters insurance it is required by landlords. More and more landlords are requiring their tenants to carry renters insurance as a condition of their lease.
Overall, renters insurance can offer peace of mind as well as financial security in the event that unforeseen incidents take place. Make sure to speak with your trusted independent insurance agent to decide if renters insurance is right for you. For a free renters insurance quote, click here!