Renters insurance may allow you to replace lost or stolen items.
Renters insurance can cover your possessions against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm, and water damage from plumbing.
However, renters insurance does not cover floods, earthquakes or routine wear and tear. You can, however, buy additional 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.
Renters insurance pays the reasonable additional costs of temporarily living away from your home if you are displaced due to a fire, severe storm or other insured disaster. This includes 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.
Renters insurance helps cover your financial responsibility to those injured in your home or elsewhere by yourself, a family member, or your pet, as well as legal defense fees if applicable.
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. For this inventory, you should record model numbers, dates and places of purchase. Take photographs or make a video of these items and place a copy of the inventory in safe place away from your home.
If you rent an apartment or house, renters insurance can play a vital role in protecting your belongings in case of theft or emergency. While your landlord might have insurance, it only protects the building. Your belongings are not covered under those policies.
Our experienced insurance agents will be able to match you with the policy that best fits your needs. Contact us at (281) 398-1010 to get started.