Renters Insurance Information
With renter's insurance, you will be able to replace what is damaged or stolen.
Renter's insurance covers your possessions against losses from fire or smoke, lightning, vandalism, theft, an explosion, a windstorm, and water damage from plumbing. It can also cover your costs if you need to temporarily move to a hotel and liability and medical costs if someone is hurt in your home. While it is one of the most affordable types of insurance, many people don't even realize that it exists!
Consider everything you own: furniture, gadgets, electronics, clothes, etc. If you had to replace all of these items, chances are the cost to replace everything would be thousands of dollars. The average policy costs less than $20 per month and protects against all sorts of events and disasters.
"But my landlord has insurance!" is one of the reasons we often hear people forgo renter's insurance. While your landlord might have insurance, it only protects the building. If something were to happen, your belongings are not covered under your landlord's insurance policy.
Renter's insurance does not cover floods, earthquakes or routine wear and tear. You can, however, buy separate policies for flood and earthquake damage.
If you are forced out of your home because of a disaster, your additional living expenses will be covered.
Renter's insurance pays the reasonable additional costs of temporarily living away from your home if you can't live in it due to a fire, severe storm or other insured disaster. It covers hotel bills, temporary rentals, restaurant meals and other living expenses incurred while your home is being rebuilt. Coverage for additional living expenses differs from company to company.
Renter's insurance also covers your responsibility to other people injured at your home or elsewhere by you, a family member or your pet and pays legal defense costs if you are taken to court.
Decide how much insurance you need.
Add up the cost of everything you would want to replace if it were damaged or stolen. (This could also serve as the basis for an inventory that will make filing a claim easier.) Based on your income, your savings, and the cost of your belongings, determine how much coverage you realistically need.
Talk to your agent.
Be sure to discuss with your insurance agent which events are covered and which are not. If you're worried about risks that aren't covered, talk to your insurance agent about adding to your policy. Policies can be customized to meet your needs.
You should also determine whether or not you have replacement cost coverage or actual cash value. If you have replacement cost coverage, your will be able to purchase replacement items of what you've lost, but if you've selected actual cash value, you will only receive money to cover the cost of the item. For example, if you have a TV that is ten years old, with actual cash value you will receive the value of your ten year-old tv, which may not be enough to purchase a brand new replacement.
To learn more, watch the video below and see our blog post on why you should at least consider renter's insurance.
Renters Insurance Quote Forms
Looking for coverage? Get a free quote using our online forms no matter the day or time. Click any of the following links for quick, accurate, and affordable rates. Once you have entered the required information, our experienced agents will take it from there. We promise that there are no strings attached. If you have any questions about these forms or coverage in general, please get in touch with us. We are more than happy to help.
Unable to find the exact type of policy you are looking for below? Contact our office anyways! We will do our best to assist you and point you in the right direction.
Renters Insurance Customer Service Options
Self policy service any time of the day, directly from our website. To request a policy change on your account, click any of the following policy service options below.