Renters Insurance


Whether you rent or purchase your home, disaster can strike at any moment. Having adequate insurance coverage for your possessions can help you stay prepared.

Many renters falsely believe that their personal items are covered under their landlord’s policy, which is not the case. As a renter, the only way to protect your valuables is with renters insurance. This type of insurance protects your personal items against loss or damage due to a theft, fire or other unforseen events.

If you experience a fire, the replacement cost of your furniture, clothing, computer, cell phones and tablets can be very expensive. Without insurance, you would be responsible for the out-of-pocket expenses associated with replacing your items.

Purchasing insurance is inexpensive when you compare it to the costs of replacing your personal items. For a relatively low cost, you can have the peace of mind associated with knowing that your valuables are protected.

There are various types of insurance for renters. Insurance can cover damage or loss associated with several types of disasters:
Lightning
Windstorm
Hail
Explosion
Riots
Damages caused by aircrafts or vehicles
Smoke
Vandalism
Theft
Falling objects
Overflow from water due to plumbing

There are two ways insurance companies determine how your property will be valued – actual cash value and replacement costs. Actual cash value pays for the value of the item at the time the loss occurred. Replacement cost pays for the amount of money it would cost to replace the item. Purchasing the right insurance policy can provide the invaluable protection for your personal items.