What Renters Insurance Covers
Many people who rent property believe that their possessions and liabilities are covered by their landlord’s insurance policy. The truth is that that policy only provides protection for the landlord. Should your possessions be stolen or lost in a fire, you need to have your own protection. The same applies if someone is injured on your rented property.
Renter’s insurance will cover all of your possessions as well as your liability, just like a traditional homeowner’s policy, without the need to cover the building.
The renters insurance that we offer protects against damage caused by:
- Fire
- Lightning
- Rioting
- Aircraft
- Vehicles
- Smoke
- Windstorms
- Vandalism
- Theft
- Falling objects
- Excess water
- Electrical short circuits
Types of Coverage
Buying renters insurance offers you peace of mind and also the assurance if a loss occurs, you will not have to suffer the financial burden of replacing those items out of your own pocket.
Personal Property
Provides coverage in case of fire, theft or damage.
Liability Coverage
Covers an accident that happens within your rental.
Special Coverage
Additional circumstance-specific coverage options you can consider.
Filing a Claim
As with many kinds of insurance, your premium will be impacted by your deductible and any extra coverage you decide to select.
To help in the event of a claim, we suggest you do the following:
- Keep receipts for personal property that you purchase
- Maintain an inventory of all the things you own
- Photograph every space with items in it
