What Will My Renter’s Insurance Cover?

Renter’s Insurance Basics

Renting a home, whether it is your first apartment out of college or a house for your entire family, is a great way to have a space of your own. Just like owning a house, there is a lot of responsibility that comes with renting one. Investing in a renter’s insurance policy will help to make sure that you and your home are protected.

Not all renter’s insurance policies come with the same coverage options. However, typical renter’s insurance policies will provide coverage for:

  • Liability – if someone is injured while visiting your home, liability coverage will help to ensure that you are not financially devastated due to the lawsuit. It will provide coverage for all the legal costs that are associated.
  • Personal property – the coverage that is provided by personal property coverage will replace any of your items that are damaged during a covered peril, such as a burglary or fire. Even if you do not think that you have enough assets to cover, you probably do. From your game consul to your flat screen TV, your assets can cost thousands of dollars to replace.
  • Medical payments – renter’s insurance will provide coverage for any medical payments that are associated with an accident at your home, including if a guest is injured.
  • Additional living expenses – if you are not able to stay in your home after a disaster, renter’s insurance will pay for any extra living expenses, such as the cost to stay in a hotel until you are able to move back home.

Talking with your insurance agent will help to make sure that you have the right amount of protection. Contact Kurt Rolf Insurance with all of your renter’s insurance needs.