Details on Renters Insurance Coverage

When selecting renters insurance, it’s important to review what type of coverage you need. Personal property coverage will provide reimbursement for any items that were destroyed, such as furniture, electronics or clothing due to a covered loss. Liability coverage can help pay for any damages caused by accidents resulting from negligence on your part. Additionally, Additional Living Expenses (ALE) coverage can cover costs associated with temporarily relocating due to damage from an insured peril.

When determining how much renters insurance to purchase, consider how much your personal belongings are worth. Consider replacing items such as furniture, clothing and electronics at their original purchase price. Also review any valuable items like jewelry or artwork that may need additional coverage beyond the standard policy limit.

It’s also important to understand what is not covered by a renters insurance policy. These typically include damages due to floods and earthquakes, intentional damage or illegal activities, normal wear and tear of property, structural defects in the rental unit and pet damage. Some exclusions may be added on for an additional cost depending on the individual policy purchased.

Help With Renters Insurance

Renters insurance can provide peace of mind knowing that you’re protected against unexpected losses from accidents or natural disasters while renting a home or apartment. Our team can help you make informed choices on your renters policy as well as shop your coverage to multiple carriers and find you the lowest prices possible on the coverage you need. Call or click on the quote button to learn more.