Home renters insurance; mostly called apartment renters insurance by people. This protects a tenant’s personal and valuable belongings against loss and damage. A lot of tenants mistakenly think that they are covered by the landlords’ insurance policy. However, renters should note that the home owners’ insurance will only cover accidents done to the home building. At this point, it falls back to you as a renter or tenant to buy a suitable renters insurance that will protect your valuable items from loss or damage.
What Is Protected In Renters Insurance?
Tenants insurance provides coverage against these accidents:
o Fire damage and destructive smoke
o House content theft and destruction
o Loss arising from flood and water
o Loss caused by fast winds, energy lightning and storms
Your renter’s plan will cover damages to home contents like:
o Your PC, Television sets, Video games and many more electronics in the home
o Home Furniture
o Clothing in the house
o Your classic possessions
o Your household contents and personal appliances.
Liability coverage is also included in your renters insurance. This will pay the legal fees if you are sued by an injured person in your rented property. Your living expenses are also taken care of by your tenants’ insurance. This provides you the money to move temporarily to a new place while your property is restored.
The cover charge for tenants insurance is a big relief. Tenants feel very happy after knowing that their cover charges are really very cheap.
Understanding the fact that renters insurance only pays for damage to your home contents and not the building, tenants end up paying as low as $160 every year.
Do you need quality and complete protection as a home renter? Let us connect you with trusted agents on our network. This will make it easier for you to compare different plans and their rates so you can choose your preferred tenants’ insurance plan.