Rental insurance is something that a little less than half of renters choose not to have. It is risky since most of your possessions are probably in your rental. At Richard Zeises Agency in Jenkintown, PA, we have our renter’s best interests at heart, and we are happy to explain why it is something you probably should have. 

If you think your landlord or management company has insurance covering your possessions, you are wrong. They have insurance on their building and what belongs to them. They are not paying to insure what belongs to you. If you want to protect your possessions, you need renters insurance. 

Coverage for your Possessions

Renters insurance has valuable coverage for your possessions. You can choose what type of coverage you want and how much you should have. You can cover your things for their current value or replacement cost. Those two figures are not the same. Chances are, your seven-year-old sofa isn’t valued at an amount that would allow you to replace it today. Your renter’s insurance also covers your possessions when you take them away from home. So, if someone steals something from your car, you’re covered minus the deductible.

Protect Against Injury

Renters’ insurance also provides liability coverage. If someone decides to sue you over an injury at your rental or they are injured away from the rental by a family member, your insurance will cover you up to the policy’s limit. 

Uninhabitable Home

Have you ever considered where you would go if your rental was damaged and was not habitable? Renters insurance provides loss-of-use coverage to help you find a place to stay until you can return to your rental. It may also pay for meals. 

Contact our team at Richard Zeises Agency in Jenkintown, PA for help with any questions you have about renters insurance.