If you’re renting, look around your home, anything you can pick up and take with you is considered personal property and 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 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 insurance that typically covers liability on the premises if anyone is hurt and any damage to the structure (home). It will not substitute for your property. Apartment Associations are the same, covering for liability on the premises and damage to the structure.
That leaves you, the tenant, exposed and without coverage for theft, fire, or any other peril. Your property in and 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 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 receipts for items of value, and take pictures or videos of your property, as these will help speed up the claims process.
For the shocker, most tenant policies are no more than $100 per year, depending on your desired coverage. This means that you can have peace of mind that you and your property are covered in the event of an unforeseen loss.
Call your local agent 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. Regardless of the situation, it would be best if you considered purchasing rental insurance. Many people do not realize that renters insurance features both reasonable yearly premiums and immense benefits to renters who buy it.
First, renters insurance can cover you in case of accidental damage to your rental property. While the landlord’s insurance often covers structural damage to their property, a renter is usually 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 – 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 by 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