Homeowners aren’t the only ones who need insurance. Renters should buy protection too.
Yet, few renters are truly aware of the value of insurance. And, this misinformation can be costly. Although landlords carry their own plan, this includes the building structure only and excludes any belongings. In contrast, renters insurance policies are uniquely created for people who are renting an apartment, condo, home, or other living space. Without individual coverage, you are exposing yourself to unnecessary risk.
Fortunately, Strack Insurance Services in Arlington, TX can help. While every plan can be customized with different available add-ons, most renter’s insurance policies will feature these three coverages.
Personal property protection
Protect the contents inside your rental. This is perhaps the biggest benefit of renters insurance. In the event of damage, destruction, loss, or theft, renters insurance will reimburse you up to the policy’s limit. Furniture, electronics, jewelry and other valuables could be included. Provide your agent with a list of your belongings. This will help determine your coverage needs.
Even the best planning can’t prevent accidents from happening. If one does occur, liability protection is key. Standard in most renters insurance policies, this can help pay for medical expenses or legal fees if you are found to be legally responsible for an accident.
Loss of use reimbursement
If a natural disaster or other severe damage forces you to relocate, renters insurance has you covered. Known as "loss of use," this coverage will compensate for any additional living expenses you may incur. In addition to finding a new, temporary residence, this often includes payments for meals and travel related to this move.
Call Strack Insurance Services
Located in Arlington, TX, the agency knows the importance of a comprehensive, personalized renters insurance plan. To secure this much-needed protection, schedule an appointment today.