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Protect Yourself With Renters Insurance

Renters insurance provides coverage for personal property, liability, and additional living expenses. It covers damage or theft of personal belongings, medical expenses if a guest gets injured in the home, and costs of alternative housing if the home becomes uninhabitable. Policyholders should consider the replacement value of their possessions, liability protection, and additional coverage options. Maintaining an inventory of possessions with photos and details can help file claims if items are stolen or destroyed.

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MathdudeMan
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44 views1 page

Protect Yourself With Renters Insurance

Renters insurance provides coverage for personal property, liability, and additional living expenses. It covers damage or theft of personal belongings, medical expenses if a guest gets injured in the home, and costs of alternative housing if the home becomes uninhabitable. Policyholders should consider the replacement value of their possessions, liability protection, and additional coverage options. Maintaining an inventory of possessions with photos and details can help file claims if items are stolen or destroyed.

Uploaded by

MathdudeMan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

PROTECT YOURSELF WITH RENTERS

INSURANCE
What does Renter's Insurance cover? What should I consider?
Your Property
Theft What would it cost to replace the contents
Vandalism/malicious mischief of your home?
Medical expense if a guest in your home Do you have inventory/photos of your
gets injured personal possessions if they were
stolen/destroyed?
Smoke damage
You and your guests
Falling objects What kind of protection do you have
Weight of ice, snow, or sleet against liability?
Fire/lighting damage Your coverage
What additional coverage is available for
Windstorm/hail damage
your items?
Damage caused by an aircraft/vehicle
Your money
If your home becomes uninhabitable your
insurance will cover "additional living
Note: The insurance companies assess the expenses," such as paying for you to live
replacement cost for your personal property. It is somewhere else until you can live in your
not what you paid, it is the resale value. property again.

Where do I start? Inventory sheet


Each insurance agency's requirements While renting you have probably
will be different. However, the following collected more property than you think. A
is a list of commonly asked questions. computer, mattress, clothing etc. can add
Having some of these things in your up. To ensure you are compensated for
house or apartment can lead to monthly any belongings you lose, you should
discounts off of your premium. Combine keep an inventory of your personal
with auto insurance for even more. belonging. Typical coverage starts at
$15,000. Keep track of the item,
Ex: Deadbolts, Burglar Alarm, Bars
make/model, value/date purchased/serial
on windows, secured building/lobby,
number/ and photos.
24 hr cameras, fire/smoke/carbon
monoxide detectors, fire extinguisher,
sprinkler system, pets, etc.

Updated 2/04/20

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