Renters Insurance Basics

If you are moving into an apartment or other rental property, your landlord may suggest that you purchase renters insurance to protect your personal property. If you have never explored renters insurance in the past, you may have questions about what it covers.

Renters insurance provides protection for your personal property as well as some potential medical coverage for guests in your home who may get hurt. Most renters insurance policies also provide some liability coverage and even some reimbursements in the event that you have to stay somewhere else due to damage in your rental.

The landlord’s insurance will only cover the structure, which is what makes renters insurance important. And, even if you do not have any items of value in your eyes, your replacement cost for everything you own can add up faster than you think. The other thing to consider is that the liability coverage and reimbursement for living expenses can make it worth it.

When you decide that you want to get a quote for renters insurance along with your auto insurance or home insurance, you should call Mike Leonard Insurance in Carrollton Texas today.