Could you afford to replace all your belongings if there were a fire, theft, or other major loss tomorrow? It only takes a few minutes to explore how affordable renters coverage can be.
What is Renters’ Insurance?
Renters’ insurance is a policy that provides many of the benefits of homeowners’ insurance, including liability protection. The policy covers a tenant’s personal property against named perils such as fire, theft, and vandalism. However, it does not cover the dwelling or structure itself, which is the landlord’s responsibility. Tenants may have coverage for small alterations they make to the property.
How Much Renters’ Insurance Do I Need?
The cost of renters’ insurance and the amount of personal property coverage required depends on the value of your belongings. Here are some questions to consider for determining your coverage needs:
- How much are my belongings worth?
Assess the total value of your personal items, including electronics, furniture, clothing, and valuables. - Could I afford to buy everything back if it were destroyed in a fire or stolen?
Consider the financial implications of replacing all your belongings. - What would I do in the event of a liability lawsuit against me?
Ensure you have adequate liability coverage to protect yourself in case of accidents or injuries that occur in your rented space.
If you’ve ever wondered, “Do I need renters insurance?” the answer is likely yes.
To learn more about the right renters insurance policy for you, please reach out:
- Phone: (855) 543-6476
- Atlanta Office: One Glenlake Parkway, Suite 650 and 700, Atlanta, GA 30328
- Bridgeport Office: 1000 Lafayette Blvd, Suite 11, Bridgeport, CT 06604
- Email: Contact Us
Renters Insurance Quote
Get a quote for renters insurance today. Would you like to discuss how renters insurance can complement your existing coverage?