Renter’s Insurance: who, what, where, when, why?

Renting a home or an apartment is becoming more and more popular these days. Most communities require that you have a certain amount of renters coverage as part of your lease agreement. Typically, your landlord’s policy won’t help if your belongings are stolen or damaged- that’s where renter’s insurance comes in. It helps protect you, your space, and your stuff.

Renter’s insurance, also known as a tenant policy or HO-4, covers you against damage to your personal belongings and property from unforeseeable circumstances like fires, lightning, hurricanes, water damage from leaks, and even theft. If the home you reside in gets damaged and you can’t live there, renter’s insurance could help pay for your temporary housing. If someone gets hurt in your apartment and you’re help responsible, renter’s insurance offers liability coverage to protect you from that financial burden. There are so many reasons how a tenant policy could benefit you when a loss occurs.

The best part? The average cost of renters insurance is around $15 a month. Like anything, it can go up and down depending on the neighborhood where you live, the condition of the building, and the value of your possessions, but it’s a relatively cheap way to ensure you’re covered.

Contact us today to get a free quote. We’re here to help protect what matters when you rent: you, your space, and your stuff.