What does renters insurance cover?
Renters insurance or tenant insurance helps cover the cost of unexpected damages such as water damage, fire damage, sewage back ups, theft, or visitor/guest gets injured in your home. Renters insurance is typically utilized after a fire or water damage.
Some different types of coverage for renters insurance are personal property, liability, and additional living expenses. The personal property covers, up to policy agreed limits, the cost to repair or replace your personal belongings. Personal property could be damaged clothing, furniture or electronics. Liability may cover accidental property damages to a neighbors property. Additional living expenses covers the expenses incurred, hotel stay and food expenses, if your rental property is not livable after a covered loss such as a large fire or water damage. All coverage's have policy limits set in place. Be sure to contact your insurance agent to sign up for the coverage that suits your needs. Check into your policy to learn how much coverage you have in place for each type of coverage you sign up for. Renters insurance will save you time and money when those unexpected events happen.