As a homeowner, your house and the possessions inside are protected under your homeowner’s insurance policy – monetarily speaking anyway. If you own a home you must be insured, which gives you peace of mind should there be a fire, theft, etc. But what happens to your belongings – furniture, clothes, jewelry – when you rent an apartment?
Renters insurance provides similar benefits to homeowners insurance, in that your belongings are covered in the event of fire, theft and vandalism. Because in reality, the landlord’s insurance will only cover what the landlord owns, such as the land and the physical structures. Their policy won’t cover your belongings.
If the major appliances in your rental home – washer/dryer, refrigerator, stove – are yours, you don’t want anything to happen to them. Your renter’s insurance will protect these investments, as well as other items such as furnishings.
Not every landlord requires their tenant to obtain renters insurance, but it’s a wise investment none-the-less. Surely, as a tenant, you were asked to sign a contract stating that all damage to the interior of the residence was your responsibility. Renters insurance covers you against minor accidents to the home.
Additionally, as a renter, there is the option to also include liability coverage for the rental property. This would ensure that if someone were injured in your apartment, should they sue you, your liability coverage portion of your renter’s insurance would foot the bill.
Peace of mind is worth the investment to protect yourself from unforeseen circumstances, like someone falling and hurting themselves, fire damage, or theft. Fearnow Insurance, Inc. can help you find the right renters insurance in Seffner, FL. Contact our independent insurance agents today for more information.