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Many renters make the mistake of thinking they’re covered under their landlord’s homeowners insurance policy. Unfortunately, this misconception leaves numerous tenants vulnerable to significant property loss or damages. If you’ve recently left your parent’s, graduated college, or gotten married and have just signed a rental agreement for the perfect place, your next step should be shopping for renters insurance. Below is an overview of what a standard renters policy will cover.

What You Can Expect Your Renters Insurance Policy to Cover 

Liability 

In the event someone is injured while visiting your home and decides to file a lawsuit against you, the liability portion of your renters insurance will help pay your legal fees and any medical bills you’re found responsible for. It will also cover you in the event you damage someone else’s property, providing the money necessary to repair or replace it.  

Personal Property 

renters insuranceOne of the biggest benefits of renters insurance is that it will help to replace your belongings should you experience a loss from a covered event specified in your policy. You will be reimbursed for items like your furniture, electronics, appliances, clothing, and jewelry if they are stolen or destroyed due to damage from fire, smoke, lightening, a windstorm, hail, or vandalism. 

Additional Living Expenses 

If an incident occurs that makes the home you’re renting inhabitable for any length of time, rental insurance will cover the costs of staying somewhere else. It will help you pay for living expenses you incur as a result of the temporary relocation, such as food and hotel expenses. 

 

Whether you rent a home or own it, having coverage is important. The professionals at BestRate Auto Insurance can help you find a renters insurance policy suitable to your needs and budget. They offer Statesboro and Vidalia, GA, tenants high-quality protection from some of the industry’s most reliable providers. You can count on them to carefully assess your situation and recommend the plan that will most effectively minimize your financial risk. Call (912) 489-5942(Statesboro),(912)403-3250(Vidalia) or visit their website to send an inquiry online.

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