![]() ![]() Is there a way to protect yourself legally? The good news is there is! This protection is renters insurance. In the course of a gathering, your unlucky guest might meet an accident within your rented home or apartment.Ĭan your guest sue you for everything you’ve got (even if the accident wasn’t your fault)? Absolutely! It happens all the time. Kidding aside, there will come a time when you’ll entertain visitors. There’s that old joke about liability and insurance: An agent once said to a policyholder that his insurance covers his guests slipping in the kitchen, not his guest hitting the floor! Food expenses, including restaurant meals!.A portion of your normal living expenses. ![]() The coverage for additional living expenses covers: Instead of paying out of your pocket, the additional living coverage of renters insurance has you covered. Somehow, you need to pay for your temporary accommodation. And we’re not talking about the incline of the driveway. As we all know, hotels can be pretty steep in North Carolina. Surely, you’ll have to stay somewhere else while the landlord fixes your place up. If this happens, your renters insurance policy has your belongings covered (up to a certain amount). ![]() After the fire department put out the fire, your apartment unit has been reduced to a heap of charred wall fixtures and furniture. You were at your apartment enjoying a cold one when all of a sudden a fire broke out. Renters insurance does more than just cover your personal property in case of loss or damage. Get Your FREE Online Renters Insurance Quote Additional Living Expenses Water damage (not a result of clogged drainages).Renters insurance covers your losses in the event of the following: For the protection of your belongings, you’ll need renters insurance. When something happens to the apartment or home you’re renting, your landlord’s property insurance coverage will take effect.Īnd this does not cover your possessions. Your ownership extends only to your belongings. As a person renting the property, you don’t technically own your home. You might think that it works the same way for people who rent. Who benefits from this? Well, the beneficiary is none other than the policy-holder-the owner of the home. With homeowners insurance, everything from the property’s structure to its contents is protected. To get a better appreciation of this coverage, let’s compare renters insurance with homeowners insurance. Protecting your personal property is why you need renters insurance in the first place. What does renter insurance cover? Let’s get into each category in greater detail. Renters insurance can give you and your family extensive coverage. ![]() It doesn’t cover the structure itself (that’s covered by homeowners insurance ). Unlike homeowners insurance, renters insurance covers your personal property and personal liability. You can think of renters insurance as a type of insurance that protects the renters of apartments or houses. Get Your FREE Online Renters Insurance Quote Renters Insurance: What Does It Cover? So, buckle up and keep reading to learn more about what you can get with renters insurance. Renters Insurance Cost Comparison – 2009 vs 2018Īre you thinking of buying renters insurance now? Before you take out your credit card, you’ll need to know about renters insurance coverage. Mean Renters Insurance Premium (2018 to Current) Just look at the numbers below! Mean Renters Insurance Premium (2009) So, if you’re like the other 40 million Americans renting their homes, renters insurance is an essential thing to have! Besides, since 2009, premiums for renters insurance have been dipping. Having it also covers you from lawsuits, unnecessary expenses, and even the loss of your rental home’s use. Renters insurance does more than protect your belongings in your rental home. Return To: Renters Insurance – The Ultimate GuideĪre you about to rent a home or apartment? Are you renting or subletting a property now? If your answer to either one of these questions is yes, you need renters insurance. Are You Renting a Property? Get Yourself Some Renters Insurance Now!.Does Renters Insurance Cover Moving? Also a NO!.Does Renters Insurance Cover Flooding? NO!. ![]()
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