|
Are you renting an apartment or house? If so, keep in mind that it’s up to you to protect your personal belongings from damage or theft with renters insurance.
Your landlord insures the building in which you live. However, it’s up to you to protect what is inside your apartment? As a renter, you need insurance to cover your personal things, such as clothing, furniture or electronic equipment.
Plus, renter's insurance protects you if someone gets hurt in your apartment or breaks something. For example, a friend visits your apartment and trips over a rug, breaking an arm. Not only may your renters insurance cover the medical costs (depending on the policy) but also the cell phone your friend broke when tripped.
Call Riders Insurance Services LLC for your personal coverage review and receive a free insurance quote today. As an independent insurance agency, we search through a network of some of the nation's top providers in order to find a policy that's right for you. |
|
Your Personal Belongings
Your furniture, clothes, and other personal belongings are usually covered if they are stolen or destroyed by fire, hurricane, or other insured disasters. Most companies provide coverage between 50% to 70% of the amount of insurance you have on the structure of your home. The best way to determine if this is sufficient is to conduct a home inventory. Expensive items such as jewelry, furs, and silverware are covered but there are usually dollar limits if they are stolen. To insure these special items to their full value, consider purchasing a special personal property endorsement.
Liability Protection
If you are sued, your renter's personal liability protection helps cover the associated legal costs and related damages. Most renters policies provide $100,000 (minimum) of financial protection against liability claims and/or lawsuits brought by others for accidental bodily injury or damage to their property while
- in your apartment ,
- as a result of your personal activities, including most sports, or
- caused by your children or pets.
Liability protection also includes medical payments coverage.
Additional Living Expenses
If you your apartment or home is damaged because of a fire, storm, or other insured disaster and you can't live in it, this coverage pays the costs of living someplace else while your home is repaired or you find another place to live. While your home is being rebuilt, hotel bills, restaurant meals, and other living expenses are covered. Coverage for additional living expenses differs from company to company.
|
