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AIG, Chubb, Foremost, Hagerty, Lloyds, McGraw, Nationwide, Pacific,
Progressive, Safeco, Sentry.
Imagine you get home from work to find that your home
has been broken into. Protect your belongings with an
affordable renters insurance policy.
Renters insurance can help pay your living expenses if your home becomes uninhabitable due to fire, flood, or any other covered
disaster.
One of your guests who may have had too many cocktails
trips over an ottoman and falls to the ground, landing
heavily on his wrist. The fact is you are liable for the
safety of your guests the moment they enter your home.
If you had a renters insurance policy, you would have
the liability coverage you need to help pay for your
injured guest's medical bills.
Apartment
residents are affected by fire, flood, theft, roof
leakage, electrical shortage, plumbing accidents and
personal liability. If an accident happens to you, even
if you're not to blame, there is nothing protecting your
belongings unless you have renter insurance.
Your
landlord's insurance only covers the building where you
live - not your personal belongings and your liability.
Your landlord's policy most likely does not include
liability for something that happens in your rented
residence. You could be held responsible for injury to
another person or damage to another person's property if
an incident occurred within your rented residence or
elsewhere. Without liability coverage, your current and
future earnings could be at risk. Renters insurance may
also provide legal defense costs. If your apartment is
robbed or the apartment above you has a fire, and the
water used to extinguish it floods your apartment, your
landlord's policy likely won't pay to replace any of
yours.
You can also get liability coverage which could help if someone is
accidentally injured on the property due to negligence, such as slipping on a wet floor in the kitchen. Renter
insurance policy tenant's insurance provides protection for your personal property, such as furniture or
electronic equipment, in case of perils like fire,
theft, or wind damage from a hurricane.
Personal
Liability: This insurance protects you
against claims that others make against you.
Depending upon your personal assets and
individual situation, you might benefit from
additional liability coverage.
Personal property: This provides
coverage for your personal belongings such
as furniture, clothing, electronics and
other items up to a certain amount. If you
own valuable collectibles, specialized
equipment or other unusual items then you
might need a rider or additional coverage.
If your
apartment or condominium becomes uninhabitable due to a fire, burst pipes or
any other reason covered by your policy, your renters insurance will cover your "additional living expenses." Generally,
that means paying for you to live somewhere else.
Additional coverage for stocks, bonds, jewelry, business property or other high
value items. See property dollar limits for personal property and how much it would cost to increase or add more coverage.
You Don't know what
you have ? Furniture: $8,000 TV, VCR, stereo, tapes
and CDs: $4,000 Home computer: $1,500 Microwave: $120
Other appliances: $240 Clothing: $6,000 Paintings,
prints, photos: $1000 Glassware, china, and silverware:
$1000 Sports outdoor equipment: $1000 Cameras and
photographer's equipment: $800 Books: $700 Jewelry:
$2,500 Other property: $4,000 = Total $ 30,860
Renters
insurance provide liability coverage, it also provides
coverage for your belongings from theft and damage and
destruction from fire, lightning, smoke, windstorm or
hail and vandalism while living in a rented complex. You
may think that you don't have enough stuff worth
insuring. But if you look around your home and start
taking a mental inventory of your furniture, computer
and electronic equipment, clothing, CD and DVD
collections, your bike, etc., the cost to replace all
your personal property really adds up. In addition, some
renters insurance policies will even cover your living
expenses if you're forced to live elsewhere due to a
covered loss.
Renters insurance will protect you from incidents that
occur while you're at home, too, such as a toaster
catching on fire or a friend slipping and falling while
visiting you. Renters insurance provides coverage for
your own items, and it provides coverage for other
people's injuries or damages in situations for which
you're liable, as well.
You can't rely on your
landlord's insurance to cover your valuables landlord
insurance only covers the building structure and not
your personal property.
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Fire Damage
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