What is Renter’s Insurance and why do you need one?
Protection for your possessions and your liability.
While your landlord probably has insurance to cover the building you live in, you need your own protection. Renter’s insurance is relatively inexpensive and gives you substantial coverage.
Personal Property Protection
Your personal belongings are more valuable than you can imagine!
When you add them all together, your personal possessions could be worth thousands of dollars. Consider your furniture, appliances, TVs, stero and computer equipment, clothing, linens, and other important valuables; could you afford to repair or replace them?
NOTE: Floods are not covered by your homeowner’s policy. To protect your property, you need a flood insurance policy.
Liability Protection
What happens if a visitor slips on a wet floor and breaks their hip? Your renter’s policy also protects you in the event that you’re found responsible for unintentional injuries to another person or damage to property. This protection applies to all family members living in your household and covers you whether an accident occurred on your property or elsewhere. Liability protection covers medical expenses and other compensation awards for injuries, and costs of a liability lawsuit for a covered incident.
Special Discounts
Insurance companies provide discounts in certain qualified situations. Based on the information you share, your trusted associate works to maximize all discounts that you are eligible for. These may include discounts for:
- Smoke detectors
- Central station fire & burglar alarms.
- Home and auto package discounts