What Is Renters Insurance?
Renters insurance can provide you with needed financial protection against adverse circumstances, whether it’s covering your personal belongings in case of damage or ensuring you’re protected if someone is injured in your residence.
Renters insurance provides protection against property loss and liability if you cause injury or property damage. To learn more about what that means, we’ve covered some basics about each.
- Property protection — Renters insurance covers your possessions against damage for things such as fire, smoke, lightning, vandalism, theft and water damage—but not flooding—to name a few. It also extends beyond on-premise theft and hazards, covering property that is stolen from your car or lost or damaged anywhere you happen to be. Talk to your agent today to learn more additional property protection options, such as flood and earthquake insurance and scheduled items riders.
- Loss of Use Coverage – Loss of use coverage for renters insurance policies provides reimbursement for additional living expenses and protects you from having to pay living expenses if your home becomes uninhabitable. This coverage may include hotel bills, temporary rentals, restaurant meals and other living expenses.
- Liability protection — The liability portion of a renters insurance policy helps protect against claims of third-party bodily injury or property damage caused by you or another person listed as insured on your policy. It may also help pay for medical bills if someone has an injury in your rental. Liability also provides coverage for legal defense costs and judgments in a lawsuit, whether the incident occurred within your rented residence, or elsewhere.
How to Get Renters Insurance
Whether you call a rented house, condo or apartment your home, you can benefit from renters insurance. Contact us today to learn more about renters insurance or to get a no-obligation quote.