Buy Renters Insurance?
If you're a renter, you may not think you need insurance at all.
(Your landlord already has insurance on the building, right?) But
you may not realize that your landlord's policy doesn't cover any of
your personal property. What would happen to your belongings if:
Your apartment building burned down?
A thief broke into your town house?
A guest slipped and injured himself in your kitchen?
The home you're renting suffered water damage?
Without renters insurance, you've got no coverage for personal
property loss or damage. Fortunately, you can get affordable renters
insurance (also called apartment insurance) to protect you in
situations like these. Get a free
online renters insurance quote right here or
Renters Insurance Protects Your Belongings
Too often, people think they don't have enough property to make a
renters insurance policy worthwhile. But take a minute to think
about what you own, and what you've got to lose, including:
A television or entertainment system
Musical or sporting equipment
Need help estimating the value of your belongings? Try our easy to
Renters insurance provides protection if your personal property is
damaged, stolen, or destroyed.
When Does Renters Insurance Apply to You?
Your renters policy will state exactly what you're insured against.
In the insurance world, it's known as "named peril" coverage.
The named perils in your renters policy may include:
Fire or Lightning
Vandalism or Malicious Mischief
Accidental Discharge of Water
Nine other common loss types
Your coverage will also include liability protection, which covers
injury to another person on your property. If necessary, your policy
may even pay for your legal defense in these circumstances.
Additionally, your policy will include medical payments coverage
that pays for medical expenses of people who don't live with you,
but who are injured on your property.