Insurance Insights: Whether You Own or Rent
While homeowners rely on homeowners insurance, renters need “renters insurance” to protect their personal belongings in the event that catastrophic damage should befall their apartments or rented homes. While the landlord’s insurance covers the building, renters are on their own when it comes to insuring their personal belongings. Renters insurance not only covers items such as clothing and appliances, but it also provides liability coverage. Renters have the same choice as homeowners do between replacement cost and cash-value coverage. In addition, if renters own valuable jewelry and other possessions that will not be adequately insured under the limits of their renters policies, they can consider the purchase of endorsements that supply them with broader coverage.
If you have questions about renters insurance, we invite you to call us for more information. We can provide complete insurance protection for you, your family, and your business. We are independent insurance agents, serving you first. We work on your side when you have a loss and follow through to see that you get fair, prompt payment and service. Call us and let’s talk insurance!
Quick Tip: According to the Insurance Information Institute, less than one-third (31 percent) of renters nationwide have renters insurance.