Renters may be required to get a renters insurance policy. And even if it isn't, it’s a good idea to have renter's insurance to protect yourself against financial losses from property damage.
Your landlord’s insurance covers the building and grounds, but it won’t help with your possessions. Is renters insurance new to you? Let’s break down the basics and answer some questions you may have.
What does renters insurance cover?
There are three categories of renters insurance coverage:
What doesn’t renters insurance cover?
While renters insurance is fairly comprehensive, there are limits. Your coverage typically won’t include:
Of course, it’s always best to review your renter's insurance policy to confirm what is and isn’t covered. You may be able to get additional coverage or a separate policy.
How much does renters insurance cost?
It usually costs about $15 to $30 a month for the peace of mind renters insurance brings. Reach out to get a quote based on your location, the number of belongings you need covered, and your deductible.
How much coverage do you typically need?
To calculate your coverage needs, estimate the total replacement cost of all your belongings. This will tell you how much property coverage you need. We can work together to determine your liability and living expenses coverage, too.
Do you have questions about your insurance coverage?
Get in touch today for help.
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