What you should know about RentersInsurance
Across the United States, many people are opting to rent out living spaces instead of owning them because of career flexibility, home flexibility, and other benefits. However, many of these same people are not taking advantage of renters insurance.
Are you one of these people?
What is RentersInsurance?
When you think of renters insurance, what comes to mind? Do you feel that it might be a waste of money? Well, that’s not the case because renters insurance is definitely worth it to protect you against the unforeseen future.
More specifically though, rentersinsuranceis the type ofinsurancethat provides coverage for you and your property that is not included in landlord’sinsurancepolicies.
Many people have good faith that their landlords have the rightinsurancethey need and don’t purchase rentersinsurance. Sadly, if calamity happens and you don’t have rentersinsurance, you could lose the majority of your belongings.
The Fine Print about RentersInsurance
Rentersinsuranceis a guarantee that theinsurancecompany will compensate you if a covered incident occurs. In most cases, theinsurancecompany will determine if the incident is covered or not.
The following are incidences that are commonly covered with a rentersinsurancepolicy:
Theft
Most renter’s insurance policies include some type of provision for theft. If personal belongings are stolen from the place you’re renting, file a claim. You could receive money to replace the items that were stolen.
Injury
Most renter’s insurance policies will cover injuries. The insurance plan your landlord holds may include injuries, but it is usually limited to the grounds of the property and not within the confines of the living space.
For example, if someone visits yourhome, trips over a piece of furniture, and sprains an ankle, then your renter’sinsurancewill help cover the medical treatment.
Flood and Fire
Along with theft and injury, renter’sinsurancealso protects the policyholder in the event of a flood or fire. Rentersinsurancecan provide the financial assistance you’ll need to replace furnishings and other belongings. Additionally, some plans will even provide funds to pay for temporary housing.
You can live without buying ahome, but you cannot live without rentersinsurance. Call us today to see your options for quality and affordable rentersinsurance.
Woodhome Insurance
Home – Auto -Business
(410) 580-2800
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