If you are looking for renters insurance then you deserve congratulations for two reasons. Firstly, because you are smart enough to realise that your landlord home insurance doesn’t cover your personal belongings and secondly because you have come to the right place.
Most people, but not you of course, make a huge mistake when moving to a new place by thinking that they don’t have to worry about insurance. Wrong! Your landlord has a master homeowner insurance which covers the building itself, but it is your responsibility to insure your personal property. Can you imagine losing everything you own in a fire and only then to find out that you aren’t covered?
Home Renters Insurance – What does it cover?
Renters insurance, also sometimes called home content insurance or apartment insurance, is an insurance policy which covers all your belongings inside your place of residence and includes, but it not limited to:
- furniture
- televisions
- computers
- kitchen appliances
- clothing
- jewelry
Most policies include liability coverage as well. Having liability coverage is really important and recommended by insurance experts, because it will pay medical and legal bills if someone gets injured on your property. If the pizza delivery boy trips and falls on your doorstep and gets injured inside your house, you wouldn’t want to pay for his medical expenses, would you?
Apart from home content insurance and liability coverage, you may also want to consider additional coverage which covers any living expenses you may have in case the property is damaged in a case of an accident and becomes uninhabitable.
How much does renters insurance cost?
There a e number of factors which determine renters insurance rates. The value of your personal belongings and the area you live in are the most important ones.
It is always a good idea to check what kind of discounts are available to you. If you have interior sprinkler systems, smoke and burglar alarms, or may be staff responsible for the safety of the building you live in, you will undoubtedly pay lower rates.
Want to save up to $400 on renters insurance? Compare home renters insurance quotes now – its fast, easy and secure!
