Renters insurance products are designed to provide protection from damage or complete loss of a renter’s personal property.
Many apartment complexes or private landlords require their tenants to obtain renter’s insurance. Making sure your belongings are protected with a dependable insurance company is essential.
There are a number of components involved in renter’s insurance:
- Personal Property Protection- This protection ensures your personal property such as furniture, electronics and clothing are protected. Personal Property Protection covers the loss of your belongings in the case of theft or damage.
- Additional Living Expenses- If a covered loss makes your home or apartment uninhabitable, renters insurance will help pay for the living costs. These expenses usually include food, a temporary place to live, and more.
- Liability Protection- This protection protects you against financial loss or uncertainty that can happen if someone sues you for damages when being injured on your property. It typically even covers injuries whether they happen on or away from your property.
- Guest Medical Protection- This protection is often included in residential insurance policies and provides protection in case someone incurs medical expenses from an injury suffered at your apartment or home.