When someone rents a house or an apartment, there are usually some requirements that the landlord or the state has. One of these requirements is probably insurance. While the state might not require tenants to have renters insurance, most landlords require it before you can sign the lease. If you are new to renting, you might not know what all renters insurance covers. Here are some everyday things renters insurance covers across most insurance companies.
Personal belongings
Whether you are a renter or a homeowner, you most likely have personal items to put into your home. Personal belongings refer to the things you own, such as clothes, furniture, appliances, electronics, etc. One of the most well-known parts of renters insurance is coverage for personal belongings.
Liability coverage
Liability coverage is a common type of coverage across all types of insurance, including renters insurance. For example, you have a guest over at your home. They are walking on the front steps, and they trip and fall. Your guest ends up breaking their leg and has medical bills because of it. Liability coverage pays for the medical bills and any possible lawsuits from the accident.
Medical bills and legal fees add up quickly. Without liability coverage, you would be stuck paying for all of those expenses by yourself, potentially draining whatever savings you have.
Additional living expenses
Sometimes something like a natural disaster or a fire happens, leaving you without a livable place. Suppose the site you are renting becomes unlivable. In that case, your insurance can help you with the additional living costs, including hotel rooms and food, until your home gets fixed and becomes livable again.
Contact The Good Insurance Group
For more information about renters insurance, contact us at The Good Insurance Group LLC in Bloomsburg, PA.
