Renters Insurance

There are three ways that renters insurance covers your losses that result from peril such as fire, smoke damage, theft, collapse of the building due to weather, water leakage, and frozen pipes.

• Property loss or damage. As a renter, you may underestimate the value of your property. Even if you are a starving artist or a student with minimal possessions, your furniture, clothing, electronics, jewelry, and other possessions are costly to replace. Complete an online calculator to estimate the replacement costs for your stuff and you’ll be shocked.
• Regardless of your income, you could mortgage your future if you lack coverage to protect you from incidents such as a guest slipping on your wet floor, your child accidentally breaking the neighbor’s window, or your dog biting the mailman. Even if you leave something on the stove and cause a fire, your policy has you covered.
• Extra expenses. A rental insurance policy has your back if damage to your home makes it unlivable. The policy pays for additional living expenses while your landlord makes repairs on your property or until you find another place. This provision in your policy even pays for restaurant meals and other expenses you incur because you are not in your home.