03 May What Renter’s Insurance Can Cover
Why you need to get renters insurance.
If you’re a renter, you may not think you need insurance at all – after all, your landlord already has insurance on the building, right? You may not realize that your landlord’s policy doesn’t cover any of your personal property. Without renter’s insurance, you have no coverage to protect your belongings, finances, and assets should an accident occur.
You’ll want to know why you’re shelling out the dollars on such a policy. Believe it or not but renters insurance policies cover way more than you probably thought! Here’s what it can cover.
This type of coverage helps you recover the cost of lost or damaged items for a variety of different scenarios. Standard policies cover named perils such as fire, lightning, windstorm, hail, smoke, vandalism, theft, riots, and more. For example, if a thief steals your brand new TV or a kitchen fire destroys your belongings and furniture, you’re covered.
Temporary Living Expenses
If your rented property suffers from damage by a covered peril so much so that you have to move out for a while, renters insurance can help. Coverage can help to pick up the tab for hotel rooms and restaurant meals while you’re away from home.
Personal Liability and Medical Bills
Even though you only invite friends and family over, accidents can happen. Say a friend slips on some spilled beer and breaks his leg. Not only can he hold you responsible for medical expenses but he can sue you, too. Fortunately, your renters insurance liability coverage will kick in for both medical and legal fees.
Are you ready to secure the right insurance policy for your needs? Talk to Kevin or Marci! Our renters insurance policies work to protect residents in Illinois, Wisconsin, and Indiana.