If you rent an apartment or house, your landlord’s homeowner’s insurance does not cover your belonging in the case of theft, fire, or any other event. If you need to protect your belongings, consider a renter’s insurance policy. You can contact your Elliot & Associates Insurance agent in Opelika, AL for help in determining what policy options are available to you. In the meantime, here’s some basic information to get you started.
What is Renter’s Insurance?
Renters insurance covers your property when you rent a house or apartment. It works like a homeowner’s policy except that it covers you as a tenant and is not a part of your landlord’s insurance policy. Instead, if you need coverage for your belongings, you have to take out a separate policy.
What Does Renters Insurance Cover?
If the actual building or home is damaged, your landlord’s insurance covers it. Your renter’s insurance pays for lost or damaged property you own located in the rental unit.
Does Renters Insurance Cover Water Damage?
Renters insurance doesn’t pay for flood damage. However, a burst pipe that ruins your furniture or other belongings would be covered up to the policy’s limits. Renters insurance is a good idea if you have valuable artwork or rare items that would be expensive to replace.
What is Apartment Renters Insurance?
Renters insurance gives you the peace of mind that your belongings will be replaced in the event of unexpected damage or injury. Renters insurance pays to restore or replace clothes, furniture, electronics and other items that are damaged or stolen.
Contact Elliot & Associates Insurance in Opelika, AL today for more information or to set up an appointment for a free consultation and quote.