Home Insurance for Renters

As a renter, it’s important understand where your landlord’s financial responsibility ends. Typically, whether you’re renting an apartment, part of a duplex, condo or a whole house, you’ll be responsible for financially securing your own personal belongings. Additionally, you’ll want to account for your own liabilities and interests should you need to seek out alternative accommodations. With these needs in mind, understanding renters insurance is paramount.

How Can Those Renting Homes Get the Right Insurance?

Renters insurance is a versatile form of coverage often available to tenants regardless of what type of residence they may be renting. These policies primarily differ from traditional homeowners and condo insurance policies by excluding coverage for the building itself, such as its walls, foundations, roof, plumbing, and electrical systems. Such aspects of your home are typically covered by a landlord’s insurance.

What Does Renters Insurance Cover?

When seeking out the right renters insurance policy, you may be able to customize coverage to suit your needs, preferences and budget. As you make decisions about your insurance, you can generally expect standard policies to include the following financial protections:

• Personal property coverage can help pay for losses following many common incidents, such as fires, burglaries and certain types of weather damage. It may assist with repairing or replacing furniture, electronics, clothing and other belongings.

• Personal liability coverage can offset third-party losses for which you or another insured (e.g., spouses, children and pets) may be responsible. For example, if a guest is accidentally injured in your home or you damage a neighbor’s property, your policy could issue aid.

• Loss-of-use coverage may foot at least part of the bill for additional living expenses, such as hotel accommodations and transportation costs, if you need to temporarily vacate the premises due to a covered incident.

How to Get the Right Coverage Near Me

Working with a qualified agent and a reliable carrier can be key in securing appropriate renters insurance. At Wilkinson Insurance Agency in White House, Tennessee, our dedicated team can help you find the right coverage. Contact us today to get started.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.