Protection for your belongings
Renter’s insurance is very similar to homeowner’s insurance, except it is for people who rent their home instead of own it. Even if your landlord has rental property insurance, it does not mean your belongings are covered. Typically, a landlord’s insurance will cover the structure of the building, but not the furnishings and personal articles belonging to the tenant. Renters insurance offers extra protection that can cover you for damaged belongings due to a variety of perils such as:
- Fire, lightning
- Windstorm, hail
- Damage from smoke
- Vandalism and theft
- Falling objects
Additionally, a renter’s policy covers the liability of the renter, which is an important consideration. For example, if you rent your home and someone visiting is injured, you as the renter could be liable to pay for medical expenses and other associated costs. However, if you have renter’s insurance, those expenses could be covered with the policy. Furthermore, in the event of a lawsuit, renters insurance could cover the legal fees.
Beyond your property and liability
Insurance coverage to replace belongings and insure against liability is essential, but it is equally important for you to have coverage that reimburses your living expenses should your rental unit become unlivable. At Young Johnston & Associates, we can make sure your renter’s insurance coverage meets these key financial needs.
If you rent your home, whether it is an apartment, house, duplex, or condominium, you can protect your assets and your future with renters insurance. We are dedicated to explaining all your options to you, including adding coverage for jewelry and other expensive items. Whether you live in Eufaula, Abbeville, or anywhere in Alabama and Georgia, our experienced agents can help you insure the property you rent. To get started, simply fill out our online form or call us at 877.210.1367 to receive your insurance quotes!