Many renters mistakenly believe their landlord’s insurance will pay for losses inside their apartment. Although landlords are typically responsible for the physical structure of rented buildings, their insurance coverage generally won’t cover damage to anything inside the property, including all your important personal belongings. Renters insurance can provide financial protection and help achieve peace of mind for anyone leasing or renting their current residence. Dempsey & Siders can design coverage to help protect your personal property and your lifestyle while renting.
What is renters insurance?
Renters insurance can provide financial protection from financial losses resulting from common claims, including:
- Theft
- Fire
- Vandalism
- Damage caused by frozen or leaking pipes
- Weather events
- Snow or ice damage
Without renters insurance, you could have to pay to repair or replace damaged possessions out of pocket.
What does renters insurance cover?
A typical renters insurance policy may provide the following coverages:
- Personal possessions coverage: this can help pay for damage to your belongings such as electronics, furniture, sports equipment, and clothing.
- Personal liability coverage: this can help pay for costs arising from allegations that you caused bodily injury or property damage to a third party, such as a guest or neighbor.
- Loss-of-use coverage: this can help pay for your extra living expenses if property damage to your rented property renders it temporarily uninhabitable.
Additional coverages, such as debris removal, or credit card and check forgery insurance, may also be available.
Get the protection you may need for your rental property. If you rent an apartment, you might need renters insurance. We’d be happy to walk you through the options to help ensure you have the insurance coverage and protection you may need.