Many people believe their landlord covers them for insurance when they rent a home, apartment or condominium. This is one of those Old Wives Tales… If you want/need coverage it is your responsibility, plus many landlords now require that you carry a renter’s policy.
So you’ve rented a brand new apartment, what could happen?
Almost anything; a theft from your vehicle or apartment, a fire, water damage, or, someone could be injured while visiting you and sue you. These are a few good reasons to carry renters insurance.
For only a few dollars each month, you can make sure you have protection for your belongings, if someone is injured on your property, or for a lawsuit. If you also have your automobile insurance with the same company, you could receive a discount on both your automobile and renter’s policies.
Determining the correct coverage can be a challenge. Completing an itemized inventory can assist you with this task. Remember, you want to figure what it would cost to replace your property since most policies provide replacement cost coverage.
Contact us if you have questions or need assistance.