Renters Insurance Information
Whether you're renting a single-family home or an apartment, renters insurance may help protect you in important ways. Here's a look at some key coverages that a typical renters insurance policy may include.
Personal Property Coverage - Think of everything you own. The value of your belongings can quickly add up. Personal property coverage, a typical component of renters insurance, may help cover the cost of replacing your stuff if it's unexpectedly damaged or ruined.
Liability Coverage - is another protection typically offered in a renters insurance policy. This coverage may help protect you from paying out of pocket for certain costs if you are found legally responsible for injuries to other people or damage to their property.
You probably don't expect an accident to occur, but if, for instance, your child throws a ball through a neighbor's window or you're held responsible for medical bills after a guest trips and falls over something in your home, liability coverage may help cover the costs.
Additional Living Expenses - If you're renting a house or apartment, you typically have a place to call home until your lease expires. But what if your rented home were to be damaged by fire, and you were unable to live in it? That's where renters insurance may help.
As with all coverages, limits and deductibles apply to the amount a policy will pay out after a covered loss.