Renters Insurance. Protect what's yours.
If you rent a house or apartment, you will need renters insurance to protect your personal belongings. Renters insurance does not pay to fix the house or apartment you live in. The landlord's insurance policy would. Most landlords require you to buy renters insurance in order to comply with your lease agreement.
The main coverages included on a renters policy are Personal Property, Loss of Use, and Personal Liability, as well as Medical Payments to Others.
Renters insurance pays to repair or replace items such as your clothes, furniture, electronics and other property if they’re stolen or damaged in a covered loss. Renters insurance also covers belongings away from home, however, coverage is usually limited to only 10% of your policy. For high value items, contact us to determine the best option for you.
Loss of Use
Loss of use provides coverage for additional living expenses if you have to move out from your house or apartment temporarily, due to a covered loss, while repairs are made. Additional expenses includes things like food, rent and other costs above your usual living expenses. Coverage is generally limited to a percentage of a policy's personal property coverage.
Personal Liability protects you against a claim or lawsuit if someone is injured on or away from your premises and you or any member of your household is found liable due to negligence.
Medical Payments to Others
Medical Payments to others provides no-fault medical coverage for minor injuries on your property. This coverage, however, does not provide medical payments coverage for you or anyone else residing in the household.
This endorsement is highly recommended in order to maintain the value of your personal belongings, versus Actual Cash Value, which depreciates the value of your belongings based off the age and condition of your personal contents.