Renters Insurance

Renters Insurance

How many times have you seen a story on the news about an apartment building fire?  What happens with the displaced renters of the building?  Who is responsible for their property?  A renters insurance policy would take care of the renters in this type of situation.  Policies will typically cover loss of property due to fire, natural disaster, theft or vandalism.  It also provides liability protection for the renter.  In the case listed above, many people think the landlord will take care of them.  If you read your leases carefully, it will state that they are not responsible.  If there’s a fire and the renter doesn’t have a renters insurance policy, they will be out of pocket for replacing any damaged property.  Renters insurance can also provide Additional Living Expenses to help pay for relocation while the apartment is being repaired.

Renters Insurance – Property Coverage

This coverage can be paid out as replacement coverage or on an actual cash value basis.  It’s important to know which coverage you have as the payout for a claim can vary greatly.  We offer replacement coverage for our customers.

Other coverages