If you’re renting, look around your home, anything you can pick up and take with you is considered personal propertyand is only covered if you purchase Renter’s Insurance. Whether you own or rent, your belongings mean something to you and should be insured. If you rent whether you live in a home or an apartment you should consider protecting your valuables.
Unlike Homeowner’s Insurance which is required when you have a mortgage, renters insurance is not and many tenants go uninsured. Do not assume that your landlord’s policy will cover you as landlords carry their own insurance that typically covers for liability on the premises if anyone is hurt and any damage to the structure (home). It will not cover for your property. Apartment Associations are the same, covering for liability on the premises and damage to the structure.
That leaves you the tenant expose and without coverage for theft, fire, or any other named peril. Your property in of itself is not the only thing you should consider. Like most insurance policies, Tenant Insurance is comprehensive, covering more than just personal property. It also covers for liability to others caused by your negligence while inside of your home. Not only will your personal property be insured but you will also be protected from lawsuits up to the amount of the policy limits.
As a tenant you should take inventory of the belongings inside of your home. You probably own more than you think. Keep any receipts for items that are of value, take pictures or video of your property as all of these things will help speed up the claims process.
Now for the shocker, most tenant policies are no more than $100 per year depending on the amount of coverage you desire, this means that you can have a peace of mind that in the event of an unforeseen lost you and your property are covered.
Give your local agent a call and see how easy it is to start insuring your things, you’ll be glad you made the call.Continue Reading
Many students are venturing to college for the first time, and may choose off campus housing. Or, maybe you have just finished college, and are looking for your first apartment on your own. Regardless the situation, you should consider purchasing rental insurance. Many people do not realize that renters insurance features both reasonable yearly premiums and immense benefits to renters who purchase it.
First, renters insurance can cover you in case there is accidental damage to your rental property. While the landlord’s insurance often covers structural damage to their property, a renter is often responsible for the costs if the accident is their fault (for example, a flood caused by the bathtub running over, or a fire during a cooking accident). Renters insurance may also be able to provide you with temporary housing while repairs are done to the structural damage.
Renters insurance can also protect you if someone is injured at your home. Household accidents happen every day – in fact, between 5 and 10 million Americans are injured in their home every year. If someone is hurt on your property, you could be sued for liability – renters insurance can protect against this.
Finally, renters insurance can protect your personal belongings. Going back to the example of a cooking fire, some of your kitchen appliances or other personal belongings could also be damaged in the fire. With renters insurance, everything from electronics to clothing could be covered from damages caused by theft, vandalism, fire and more.
To learn more about your options for Orlando renters insurance, contact Lock Insurance today for a free quote or call 877-709-8101.Continue Reading