Renter's
Insurance
Renter’s Insurance
A renter’s policy is important! It’s important because you’re bringing your property and belongings into someone else’s home and you need to know that if something were to happen, that property would be covered. A renter’s policy is designed to protect your personal property and liability exposure while renting. The great thing about a renter’s policy is they’re very inexpensive.
Auto, Home, Life, Motorcycle & Commercial Insurance
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Coverage
Personal Property
This coverage is designed to cover the property that you have brought into the apartment or home that you are renting. It covers your furniture, clothes, electronics, kitchenware, and much more. Think of it like this, if you could pop the roof off your home, pick the home up, flip it upside down and shake it, all of the “stuff” that fell out would be your Personal Property. The amount of coverage you will need will be determined by the total value of the property that you have brought into the home.
Loss of Use
In the event that you couldn’t live in your apartment or home due to a covered loss, Additional Living Expenses provides a financial resource for shelter, food, medicines, or clothing. It is designed to cover a families’ basic needs during an event. The amount of coverage available varies by carrier.
Personal Liability
Is the second most important coverage on your policy. Personal Liability is the financial barrier between you and your assets and the outside world. This coverage is designed to provide coverage in the case of negligence or a lawsuit that is brought against you due to negligence. Personal Liability coverage can be increased with an umbrella policy.
Medical Payments
This coverage is designed to cover the initial medical needs of someone who is not a household member that has been injured while on your rented property. It is designed to cover things like an ER, ambulance, chiropractor, or dentist bill.
Deductible
This is the amount that you pay in the case that you have filed a claim. This amount is deducted from the settled amount on the claim. The lower the deductible the higher your insurance premium and the higher the deductible the lower your insurance premium will be. This is the greatest lever you have available to you to control your premium.
Auto, Home, Life, Motorcycle & Commercial Insurance
Get A Free Quote
888-320-0735