Renters insurance is often an after thought since a renter does not own the building; however, imagine a situation where a fire destroys most of your belongings at the rental property, but because you don’t have insurance, none of those items are replaceable. Additionally, renters insurance provides peace of mind if there’s an accident at the rental property or for property loss due to damage or theft. It’s essential to keep in mind that even if your landlord has property insurance, it does not cover your personal belongings.
Renter’s insurance is likely to be a little different. Still, as a general rule of thumb, it will provide coverage for your personal belongings, which may include household items like electronics and furniture, jewelry, clothing, and other items that are policy specific. Generally, it will consist of personal liability coverage that provides monetary aid if the policyholder is found liable for property damage or injury to someone else. Additionally, as discussed, your personal property will be covered regardless of whether you are home when the damage occurs. Lastly, your policy may include coverage for living expenses incurred because your rental is inhospitable due to a legitimate claim.
Choosing a renter's insurance policy doesn’t have to be complicated. At the Daniel Conville Agency in Pennsylvania, we know the insurance industry like the back of our hands and are happy to make sure you get the right policy for your needs. From discussing the value of your property to helping educate you on whether or not you need loss of use coverage, we’ll make it easy for you to shop for renters insurance. Give the Daniel Conville Agency a call today and schedule an appointment time to meet with us. We guarantee that you’ll be delighted with our service!