Free Insurance Quotes


Zip



Latest News

Why do I need renters insurance?

When you rent an apartment or house, renters insurance ensures that you're protected against loss or damage of personal property. While your landlord will likely have insurance to cover the building, you'll need renters insurance to cover your own belongings. Some landlords even require their tenants to purchase renters insurance before being allowed to rent or lease. Renters insurance is a wise decision for both the landlord and tenant by protecting both from the possibility of a lawsuit by the other.

Not only does renters insurance provide protection for your personal items, but it also may give you temporary housing if your leased apartment is not livable due to a disaster. Some renters insurance policies include liability coverage. For instance, medical expenses incurred by a friend visiting you who falls on your floor and becomes injured may be covered by some renters insurance policies.

Although your coverage will vary depending on your policy, most renters insurance policies provide coverage for losses in cases of fire, lightening damage, hail, windstorm, smoke, theft, vandalism, plumbing malfunctions, and electrical surge damage. Losses incurred due to earthquakes, floods, and hurricanes may not be covered by renters insurance; instead you may need to purchase additional separate coverage for these.

Related Articles

Homeowner Basics: Exploring your Home Insurance Options 01/01/2013
As a homeowner, you have a lot of decisions to make. One of the most important is choosing the right insurance to protect you and your finances in case the unexpected occurs. While understanding in...

Read More →

Insurance Coverage for Renters With Negligent Landlords 03/23/2013
As a young, inexperienced renter, you may think that your landlord has a home insurance policy that will protect you, and that that coverage will pay the cost to repair any damage to your property....

Read More →

Understanding More About Home Insurance Policy Endorsements 10/04/2012
A home insurance policy is designed to offer you insurance coverage for your home's structure and your personal property. It is also designed to protect you against any personal liability when some...

Read More →