Renters insurance is a smart choice. If you rent your home, condo or apartment, you may not realize that your landlord’s property insurance only covers the structure, and not any of your belongings. A renter’s insurance policy will help you replace your stolen or damaged belongings in the event of a loss.
The insurance experts at Rodgers Insurance can help you take an inventory of your belongings to come up with a renter’s insurance plan that’s right for you, at a competitive price. You may qualify for discounts if you insure your auto with us, or have protective devices such as smoke alarms or burglary alarms.
A renters insurance policy will cover your personal possessions (clothes, electronics, furniture, etc.) if they’re stolen and will pay to repair or replace them if there’s a fire, burst pipe or other unfortunate event. Renter’s policies can also pay for you to rent a new home or stay in a hotel in if you are displaced by a fire or other natural disaster, coverage known as “loss of use.”
Renter’s insurance also includes liability coverage, so if someone is injured in your home, the cost of their medical care and any legal proceedings regarding their injury is covered up to your policy’s liability limits, which is typically $100,000.
But unlike a homeowner’s policy that covers the home structure and its contents, renter’s insurance covers just the contents of your home. That makes it a lot cheaper. If you don’t have the cash to replace all of your belongings, getting a renters insurance policy can give you peace of mind.