If you rent a house, condo or apartment, your landlord’s insurance policy will only cover the costs of repairing the structure if there is a fire or other disaster. Obtaining a renters insurance policy will protect yourself for liability and protect your personal belongings from events such as fire, smoke, windstorm, vandalism, and theft.
Coverage for Your Personal Belongings
Renters insurance protects your personal belongings from events like fire, smoke, windstorm, vandalism, and theft. Personal belongings can include
- Sporting Equipment
If you have valuables like rare coins, jewelry, furs art etc- a renters insurance policy will usually provide a standard default limit for these types of valuables. It’s important to know what that default limit is and if it’s enough to cover your valuables. In most cases, you can have your insurance company increase your valuables coverage as needed via endorsement / rider.
If you need help valuing your personal belongings, there are many available tools available on the internet. One in particular is https://knowyourstuff.org/
If you’re sued because someone was injured in your apartment or because you accidentally injured someone, renters insurance can provide liability coverage for legal defense costs. This coverage also extends to family members and even your pets.
Additional Living Expenses
If you’re unable to live at your residence because a covered incident, renters insurance can help pay for a place to stay. This coverage is also commonly referred to as loss-of-use coverage & relocation expenses. Coverage includes hotel reimbursements and food expenses- however insurance companies will sometimes require that you prove that your food expenses incurred while displaced were above and beyond what your normal every day food expenses would have been.
Medical Payments Insurance Coverage
If a guest or visitor is injured on your property, medical payments coverage is available to help protect you. Although similar to liability coverage, medical payments coverage does offer its own unique benefits. Please keep in mind this coverage is only for injured guests, this coverage doesn’t extend to you or other household members.
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In addition to contacting us through our website feel free to reach out to us anytime at email@example.com or give us a call at 702-589-7413.
Our mailing address is 5550 Painted Mirage Rd Suite 320 Las Vegas, NV 89149. Meeting can be scheduled by appointment- we can meet at our office or your home/business.