Renters Insurance Protection
You own a lot of personal property that is valuable to you, from your cloths, furniture, TV and sound system, computer, and more. Don’t you want to feel assured that everything you own and have worked hard for is not at risk?
Many people who live in rented houses or apartments have a common misconception. They assume their landlord’s insurance policy will cover their personal possessions if an unexpected loss occurs. Unfortunately, this is not the case. Your landlord’s insurance policy only covers the building you reside in. It does not cover anything that belongs to you as the tenant. Your landlord’s insurance policy does not cover injuries that occur on the property. This is where renters’ insurance comes in.
What is Renters Insurance
What is renters’ insurance? Renters insurance is a policy that covers tenants’ personal possessions, liability, medical payments, and additional living expense. We will put together a renters’ coverage proposal that protects your personal property and lifestyle.
The purpose of renters insurance is to protect you from theft, damage, or a catastrophic loss. You may be able to receive payment toward temporary accommodation if the rental property is uninhabitable, after a loss the renter’s insurance policy covers. The amount covered depends on your coverage limits.
Make sure you verify your renter’s insurance coverage details, there usually will be both an overall limit on the payout and maximum amount for any one renter’s insurance claim. At Lancaster Insurance Center, we can help you decide how much coverage is right for your personal situation.
Some policies include liability coverage that could payout if you damage the rental property or if someone is injured while visiting you at your home or apartment.